Examlex
If you insert a new row at the top of the table,the new row becomes the header row and is formatted with the table style.
Property Rights
Legal rights to own, use, and dispose of assets, which can include intellectual property, land, or personal property.
Common Resources
Resources that are available to all but are susceptible to overuse because of their non-excludable and rivalrous nature, leading to potential depletion or degradation.
Socially Optimal
A state of the market where resources are allocated in the most efficient manner, maximizing the overall benefit to society.
Negative Externality
An economic situation where a third party is negatively affected by the outcome of a transaction or activity, for instance, pollution affecting the health of nearby residents who are not involved in the polluting activity.
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