Examlex
If a ruler caused his people to suffer, what was he said to have lost?
Lawsuit
A legal action brought in a court by a plaintiff against a defendant, typically seeking compensation for some form of harm or enforcement of a right.
Common Property Resource
Resource to which anyone has free access.
Efficient Use
Utilization of resources in such a way that maximizes the production of goods and services at lowest cost.
Coase Theorem
A principle stating that if trade in an externality is possible and there are no transaction costs, bargaining will lead to an efficient outcome regardless of the initial allocation of property.
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