Examlex
Sechenov extended Descartes' theory of reflexes by suggesting that
Externalities
Externalities are effects of a transaction that are experienced by someone who is not directly involved in the transaction, either positively (positive externalities) or negatively (negative externalities).
Charities
Organizations dedicated to furthering a particular social cause or advocating for a shared point of interest, typically operating on a non-profit basis.
Negative Externalities
Unintended and uncompensated costs imposed by one party’s actions on others not involved in the action, often leading to market failure.
Market Failure
A scenario in which the distribution of goods and services through an unregulated market leads to inefficiency, frequently resulting in a decrease in overall societal well-being.
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