Examlex
an approach that applies moral codes to actions drawn from realistic situations
Negative Externality
An economic situation where a third party suffers costs or disadvantages as a result of a transaction between others, often related to pollution or environmental impact.
Negative Externalities
Costs suffered by a third party due to an economic transaction that they were not involved in, such as pollution from a factory affecting nearby residents.
Positive Externalities
Benefits that occur to a third party not directly involved in an economic transaction, leading to underproduction if not addressed.
Patent Policy
Guidelines and laws governing the protection of inventions and innovations, ensuring inventors have exclusive rights to their creations for a predetermined period.
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