Examlex
How have recent changes in technology affected the way consumers purchase? Give some examples.
Corrective Taxes
Taxes implemented to correct the market outcomes that are not efficient by internalizing external costs, often used in environmental policy to address pollution.
Regulations
Standards and rules formulated by governmental or nongovernmental organizations to govern conduct within certain spheres of activity.
Pollution Permits
Marketable permits allowing holders to emit a certain amount of pollution, used as a regulatory tool to control environmental impacts.
Corrective Tax
A tax designed to induce private decision-makers to take account of the social costs that arise from a negative externality.
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