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There Are Only 115 Elements in the Periodic Table, but a Far

question 7

Essay

There are only 115 elements in the periodic table, but a far greater variety of materials that surround us. How is this possible?


Definitions:

Free Market

An economic system where prices are determined by unrestricted competition between privately owned businesses, without excessive government control or intervention.

Externality

A consequence of an economic activity experienced by unrelated third parties; it can be either positive (beneficial) or negative (harmful).

Education's Benefit

Refers to the positive impacts of education on an individual's abilities, earning potential, and societal contributions.

Externality

A cost or benefit arising from an economic activity that affects third parties who did not choose to incur that cost or benefit.

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