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Describe the three parts involved in any SQL-based relational database application.
Marginal Costs
The additional cost incurred by producing one more unit of a product or service, crucial for decision-making in economics and business.
Property Rights
The legal rights to possess, use, and dispose of assets, property rights are foundational to free market economies and influence resource allocation and investment.
Marginal Benefits
The additional satisfaction or utility gained from consuming or using one more unit of a good or service.
Marginal Social Cost
The total cost to society of producing one additional unit of a good or service, considering both the direct costs and any externalities.
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