Examlex
Injunctions are now prohibited to be granted in labor disputes.
Taxes
Compulsory financial charges or levies collected by governments from businesses and individuals to fund public expenditures.
Negative Externalities
Costs suffered by a third party due to an economic transaction that they were not a part of.
Coase Theorem
A principle that asserts that if property rights are well-defined and transaction costs are negligible, parties will negotiate to correct externalities and allocate resources efficiently.
Private Market
A private market is a part of the financial market in which investments are negotiated directly between parties, without public market listing.
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