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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.
Government Policies
Strategies and actions taken by a government to govern, direct, or regulate a community, country, or economy.
Theorem
A statement or proposition that is proven on the basis of previously established statements or propositions.
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