Examlex
What is Bronfenbrenner's term for the changes that occur in developmental circumstances over time, both with respect to individual development and to historical changes?
Positive Externalities
Benefits that are enjoyed by third-parties as a result of an economic transaction or activity, without them directly participating in the transaction.
Pigouvian Tax
A tax imposed on activities that generate negative externalities, aimed at correcting an inefficient market outcome.
Marginal Social Benefits
The incremental benefit the public receives from consuming an additional unit of a good or service.
Marginal Private Benefits
The additional benefits received by an individual or firm from consuming or producing one extra unit of a good, not considering external effects.
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