Examlex
Which of the following is not a requirement necessary to constitute a perfect order?
Externalities
Externalities are indirect effects of economic activities on third parties, which can be either positive or negative.
Negative Externality
A situation where a third party is adversely affected by the outcome of a transaction or activity between others, not compensated by those causing the impact.
Acid Rain
Acid rain is precipitation with a high concentration of acidic components, typically resulting from industrial emissions that affect water, soil, and living conditions adversely.
Tradable Pollution Permits
Licenses that allow the holder to emit a certain amount of pollution that can be bought and sold, aiming to reduce overall pollution in a cost-effective manner.
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