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External Cost
A cost that is not borne by the parties involved in an economic transaction, often affecting third parties.
Zoning Restrictions
Legal regulations governing how land within certain areas can be used, intended to separate residential property use from commercial and industrial uses.
Land Defilement
Refers to the degradation or contamination of land due to misuse or improper disposal of waste.
External Cost
A cost that affects parties who are not directly involved in a transaction, leading to negative outcomes like pollution that are not reflected in market prices.
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