Examlex
What is the technique used to divide information sets into mutually exclusive groups such that the members of each group are as close together as possible to one another and the different groups are as far apart as possible?
Cap-And-Trade
An environmental policy tool that aims to reduce pollutants by setting a limit (cap) on emissions and allowing companies to buy and sell permissions (trade) to emit up to a certain limit, incentivizing pollution reduction.
Property Right
Legal rights to use, control, and derive benefits from a resource or property.
Pollution
The introduction of harmful substances or products into the environment, causing adverse effects on living organisms and ecosystems.
Public Good
A product or service that is provided without profit to all members of a society, either freely or by the government, and which is non-excludable and non-rivalrous.
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