Examlex
Events at Abu Ghraib affirm the continued relevance of Zimbardo's Stanford Prison Experiment.
Copyright Laws
Legal protections granted to creators for their original works, preventing unauthorized use or distribution.
Private Good
a category of goods that are excludable and rival in consumption, meaning that access can be restricted and one person's consumption prevents another's.
Externalities
Economic side effects or consequences that affect uninvolved third parties; can be either positive or negative.
Economies of Scale
The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output.
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