Examlex
What are the two key provisions that must be followed by every company?
Negative Externality
A cost imposed on third parties not involved in a transaction or activity, such as pollution from a factory affecting nearby residents’ health.
Second-Hand Smoke
The smoke inhaled involuntarily from tobacco being smoked by others, posing health risks to non-smokers.
Unemployment
The situation where individuals who are able and willing to work are not able to find employment.
Long-Term Effects
The impacts or results of a policy, action, or event that manifest or become apparent over a lengthy period.
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