Examlex
The Roaring Twenties was a name given to the abusive enforcement of anti-drinking laws of the early 1920s by federal authorities.
External Benefit
A positive effect experienced by individuals or groups who are not directly involved in an economic transaction or activity.
Market Price
The existing rate at which an item or service may be traded or acquired in a commercial setting.
Market Output
The total amount of goods or services produced and offered for sale by businesses in a particular market.
External Costs
Costs that are not borne by the producer or consumer of a good or service but by society, such as pollution.
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