Examlex
The ________ tab displays when you have an image selected.
Consumption
The use of goods and services by households, referring to the final purchase of products for direct use or ownership.
Externalities
Costs or benefits that affect parties who did not choose to incur that cost or benefit.
Produced
Refers to goods or services that have been created as a result of a manufacturing or production process.
Coase Theorem
An economic theory proposing that under conditions of no transaction costs, parties can negotiate and arrive at efficient resource allocation and solution to externalities regardless of initial property rights allocation.
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