Examlex
Hodge (2011) stated that social workers should:
Negative Externality
A cost that affects a party who did not choose to incur that cost or benefit from it, often considered a failure of the market.
Market Inefficiency
A situation where market prices do not always accurately reflect the true value of a good or service, possibly due to lack of information or irrational behavior.
Supply And Demand Diagram
A graphical representation of the relationship between the quantities of a good that sellers are willing to sell and buyers are willing to buy, at various prices.
Negative Externality
A negative externality occurs when a product or decision costs a third party who did not choose to incur that cost.
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