Examlex
Which of the following is a term that describes use of social media platforms such as networks,online communities,blogs,wikis,or any other online collaborative media for marketing,market research,sales,CRM,and customer service?
Government Failure
A situation where government interventions in the economy cause more harm than good, often due to inefficiencies, misallocation of resources, or unintended consequences.
Water Pollution
Contamination of water bodies such as rivers, lakes, oceans, and groundwater due to harmful substances, leading to detrimental effects on aquatic life and human health.
Standard of Living
The level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.
Public Good
A good that is non-excludable and non-rivalrous, meaning that one person's consumption does not reduce its availability to others and people cannot be prevented from using it.
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