Examlex
Which of the following statements best differentiates formative evaluation from summative evaluation?
Pollution
The presence or introduction into the environment of contaminants or substances that cause harm or discomfort to organisms, including humans.
Beneficiaries
Individuals or groups who receive benefits, typically from a trust, insurance policy, or government program.
External Costs
Costs of a transaction or activity that affect people other than those directly involved in the transaction, not accounted for in the market price.
Competitive Market
A market structure characterized by a large number of firms competing against each other, leading to efficient prices and products.
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