Examlex
_____________ integrates all of the conversion processes to allow for minimal disruptions due to reporting requirements or inventory movement issues.
No Externality
A situation where private costs or benefits are equal to social costs or benefits, with no spillover effects on third parties.
Market
An arrangement or venue where parties engage in exchange of goods and services.
Positive Externality
A benefit that is enjoyed by a third-party as a result of an economic transaction or activity in which they did not directly participate.
Marginal Social Benefit
The additional benefit to society from consuming one more unit of a good or service.
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