Examlex
What happens when the edge of a rotating blade moves into a Hall Effect switch and what happens when the edge of the rotating blade exits the Hall Effect switch?
Positive Externalities
Benefits received by third parties who are not directly involved in a transaction or activity, leading to potentially under-produced goods or services in a free market.
Market Equilibrium
The state in which market supply and demand balance each other, resulting in stable prices.
Social Value
The importance or worth of something in terms of its contribution to society or the community.
Private Value
The value of a good or service to an individual rather than to society as a whole or to the market.
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