Examlex
It is common to attribute the expansion of Christianity in the Roman Empire to the conversion of Constantine in 312. But in fact, this process was gradual rather than sudden. Why was this the case? Discuss the gradual Christianization of the Roman Empire from the reign of Constantine through the early sixth century.
Market
The environment in which buyers and sellers interact to exchange goods, services, and information, setting prices through supply and demand.
Socially Optimal Quantity
Socially Optimal Quantity is the level of production or consumption of a good or service that results in the maximum possible economic efficiency and welfare, taking into account all social costs and benefits.
External Benefit
A positive effect or advantage that results from a product or service's use, extending beyond the direct buyer or consumer to others not involved in the transaction.
Output
The cumulative production of goods and services by an economy over a given time frame.
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