Examlex
Cultural continuity of African customs was more common among Lowcountry rural slaves than among Lowcountry urban slaves.
Tax
A compulsory financial charge or levy imposed by a government on individuals or businesses to fund public expenditures.
External Costs
Costs that are not borne by the parties involved in a transaction but rather by third parties or society as a whole.
Efficient Solution
An outcome wherein resources are allocated in the most effective way, maximizing benefits while minimizing costs or wastes.
Internalize Externalities
The process by which a firm takes into account the external costs or benefits of its activities, typically by incorporating them into its pricing structure.