Examlex
__________ is a community-based approach to helping individuals, groups, and communities with a variety of crises in their lives.
Marginal Social Cost
The cumulative expense to the community for creating an extra unit of a product or service.
Private Cost
The cost incurred by a person or a firm directly involved in a transaction, excluding any external or social costs.
Efficient Outcome
A situation where resources are allocated in the most effective way possible, maximizing benefits without wasting resources.
Home Business
A business operated from the owner's home, often characterized by lower overhead costs and flexible working hours.
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