Examlex
A collection of records in a relational database can be called a
External Costs
Costs of an economic activity that are not borne by the parties directly involved in the transaction but by other individuals or society at large.
Supply Curve
A graph that represents the relationship between the price of a good and the quantity of the good that suppliers are willing to offer for sale.
Socially Optimal
A condition that maximizes societal welfare, often referring to the optimal distribution of resources and goods.
Government Intervention
Government intervention involves actions taken by a government to affect the economy, which can include regulations, subsidies, and taxes, aiming to correct market failures or achieve social goals.
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