Examlex
What standard describes uniform, enterprise-wide cabling systems, regardless of who manufactures or sells the various parts used in the system?
Negative Externalities
Costs that are suffered by a third party as a result of an economic transaction or activity, for which they are not compensated.
Tobacco Industry
The sector of the economy involved in the manufacture, marketing, and sale of tobacco and related products.
Corrective Tax
A tax designed to encourage or discourage certain behaviors to correct for the effects of externalities.
Socially Optimal
A state of resource allocation that is most beneficial for society as a whole.
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