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What Are the Two Key Provisions That Must Be Followed

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What are the two key provisions that must be followed by every company?


Definitions:

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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