Examlex
When preparing yeast bread dough,
Total Allowable Catch
Refers to the maximum quantity of a particular fish species that can be caught over a specified period, used in fisheries management to sustain fish populations.
Economic Efficiency
Economic efficiency occurs when a system is able to maximize output with given resources and technology, minimizing waste and inefficiencies.
Individual Transferable Quotas
Regulatory tools in environmental management, granting individuals or companies the right to catch a certain amount of fish or pollute up to a certain limit, which can be traded.
ITQs
Individual Transferable Quotas, a system used in fisheries management that allocates a certain quantity of fish that can be caught by each fisherman or company.
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