Examlex
Hydrostatic equilibrium refers to the balance between weight and pressure.
Efficient Level
Describes a state where resources are allocated in the most effective manner, maximizing output and outcomes.
Marginal Social Benefit
The incremental advantage to the community from the consumption or production of an additional unit of a product or service.
Pollution
is the introduction of contaminants into the natural environment that cause adverse changes, affecting air, water, and land quality detrimentally.
Positive Externality
A benefit that affects a party who did not choose to incur that benefit.
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