Examlex
In the communication process, __________ is sent through a communication channel to a __________, who then decodes or interprets its meaning.
External Costs
Costs that are not borne by the producer or consumer but by third parties or society at large, such as pollution or resource depletion.
External Benefit
A positive effect on a party who did not choose to incur that benefit, often associated with public goods or services.
Public‐spirited
Exhibiting a selfless concern for the well-being of the community and the willingness to act for the public good.
Air Pollution
The presence of substances in the atmosphere that are harmful to the health of humans and other living beings or cause damage to the climate or materials.
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