Examlex
When considering the factors that influence the experience of the Walt Disney World Resort, something as simple as how each employee is identified makes a difference. At Disney World, employees are called .
Negative Externalities
Costs experienced by someone who is not directly involved in the production or consumption of a good or service.
Positive Externalities
Benefits experienced by third parties or society at large as a result of an economic activity, without the third party incurring any cost.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning no one can be prevented from using them and one person's use does not reduce availability to others.
Consumer Surplus
The gap between what consumers are prepared and can afford to pay for a product or service, and what they end up paying in reality.
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