Examlex
An authoritarian parenting style is one in which the parent offers the child various choices in regard to behavior.
True Cost
Encompasses all the economic, environmental, and social costs associated with the production and consumption of a good or service.
Resource
Raw materials, labor, capital, and other inputs used in the production of goods and services.
External Benefits
Benefits of a good or service that are not captured by the market price and are received by third parties.
Competitive Market
A market structure characterized by many buyers and sellers, free entry and exit, and products that are similar but differentiated.
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