Examlex
What includes the plans for how an organization will build, deploy, use, and share its data, processes, and IT assets?
Free Market
An economic system where prices for goods and services are determined by the open market and consumers, with minimal government intervention.
Optimal Pigouvian Tax
A type of tax designed to correct the negative externalities of a market activity, set at a level that equates the marginal social cost of the externality with the marginal private cost.
Socially Optimal
A condition where resources are allocated in a way that benefits society as a whole, maximizing overall welfare.
Pollution
The introduction of contaminants into the natural environment that cause adverse change, affecting air, water, and land.
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