Examlex
Employee discipline is a topic only relevant in unionized firms since non-unionized employees aren't afforded any protections against wrongful disciplinary actions.
Without Government
A scenario that describes a situation or theoretical condition where governmental institutions and interventions do not exist or are absent.
Pollution
The contamination of air, water, or soil by substances that are harmful to living organisms.
Pigouvian Tax
A tax imposed on any market activity that generates negative externalities, intended to correct the market outcome by internalizing the costs of the externality.
Marginal Social Cost
The complete expense incurred by society to produce an extra unit of a good or service, encompassing both individual costs and external impacts.
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