Examlex
The trichromatic theory of color vision applies to the retina, where three different types of cone have been found with each cone containing a different type of
Tradable Pollution Permits
A regulatory system that allows companies to buy or sell allowances for a specific amount of pollution, encouraging reduction in overall emissions.
Free Market
An economic system in which prices are determined by unrestricted competition between privately owned businesses.
Final Allocation
The ultimate distribution of goods, services, or resources among different parties or locations.
Corrective Tax
A tax designed to encourage or discourage certain behaviors or activities by including the cost of externalities, aimed at correcting market outcomes to reflect social costs or benefits.
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