Examlex
The "whole is greater than the sum of its parts" is the slogan of the
Marketplace
A marketplace is a physical or digital venue where buyers and sellers come together to exchange goods, services, or information.
Social Optimum
The ideal state of resource allocation in which society's overall welfare is maximized, balancing efficiency and equity among individuals.
Market Equilibrium
The point in a market where the quantity demanded by consumers equals the quantity supplied by producers, resulting in a stable price.
Negative Externality
An adverse effect on a third party not directly involved in a transaction, which results from economic activity without compensation.
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