Examlex
The growth in the level of electronic transactions has led to an increased ability for banks to predict the amount of cash they have on reserve.
Common Resources
Resources that are accessible to all members of a society but are limited in availability and can be depleted by overuse.
Private Markets
Markets where transactions occur between private entities without significant government intervention, focusing on the exchange of goods and services among individuals and businesses.
Marginal Social Benefit
The additional benefit to society as a whole from increasing the output of a good by one unit.
Private Cost
The costs directly incurred by those who are producing or consuming goods or services.
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