Examlex
Language barriers to communication can surface even when the sender and receiver are both native-speakers of English, such as the speaker being from the United States and the receiver from Scotland.
Law of Diminishing Returns
A principle stating that as one factor of production is increased while others are held constant, the resulting addition to output will eventually decrease.
Coase Theorem
An economic theory stating that if private parties can bargain without cost over the allocation of resources, they can solve the problem of externalities on their own.
Director of Housing
A position responsible for overseeing housing programs, policies, and services, typically within a governmental or nonprofit organization.
Marginal Benefit (MB) Curves
Graphs that show the additional benefit received from consuming one more unit of a good or service.
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