Examlex
Peter Berger argues that the logic of sociology presupposes a measure of suspicion about the way in which human events are officially interpreted by authorities.This suspicion speaks to __________, which defines the sociological consciousness.
External Benefit
An advantage or positive effect on a third party or society at large, resulting from an economic transaction or activity, not accounted for in the market price.
Supply And Demand
The economic model that determines the price levels of goods and services based on the relationship between the quantity available and the quantity demanded by consumers.
Price Mechanism
The process by which prices adjust to equilibrate supply and demand, guiding economic actions and resource allocation.
External Cost
A cost that is not borne by the parties directly involved in an economic transaction but by a third party or the environment.
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