Examlex
The pollution emitted by a power plant is an example of a detrimental externality.
Expenses
Costs incurred in the operation of a business that are not directly tied to the production of goods or services but are necessary for the business's functioning and profitability.
Nature
The inherent qualities or characteristics of something; in accounting, it may relate to the types of expenses or incomes.
Function
In mathematics, a relationship or expression involving one or more variables.
Gross Profit Margin
A financial metric that represents the percentage of revenue that exceeds the cost of goods sold, indicating the efficiency of production.
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