Examlex
In most cases, GMOs are an example of an enhancement technology.
Marginal Social Benefits
The incremental benefit the public receives from consuming an additional unit of a good or service.
Marginal Private Benefits
The additional benefits received by an individual or firm from consuming or producing one extra unit of a good, not considering external effects.
Government Intervention
Actions taken by the government to influence or regulate various activities and outcomes in the economy, such as setting taxes, subsidies, regulations, and price controls.
Marginal Private Benefit
The surplus value that consumers or producers get from buying or making an extra unit of a good or service.
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