Examlex
In the New York model of the American Mafia,each of the bosses of their respective families is entirely disconnected from the other bosses,which allows for each to grow their own criminal empire.
Marginal Social Benefit
The additional benefit to society from consuming one more unit of a good or service, considering both private and external benefits.
Marginal Social Cost
The additional cost to society as a whole for producing one more unit of a good or service.
Public Good
A product or service that is available for all people to consume, regardless of whether any individual pays for it or not, typically provided by the government.
Common Resource
A natural or man-made resource that is non-excludable and rivalrous, such as fish in the ocean or a public park, which can lead to overuse and depletion.
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