Examlex
_____ are small,very rough,rapidly produced drawings used to try out ideas during the conceptual phase of the design process.
Externalities
Negative or positive impacts on third parties stemming from business operations, which are not accounted for in the pricing of products or services.
Market Equilibrium
A state in a market where the quantity supplied equals the quantity demanded, leading to a stable market price and no excess supply or demand.
Total Benefit
The complete gain obtained from consuming a good or service.
Patent System
A legal system granting inventors exclusive rights to their inventions, preventing others from making, using, selling, or distributing the patented invention without permission.
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