Examlex
Some performance outcomes that have been used to evaluate team effectiveness are innovation,efficiency,quality,and employee satisfaction.
Externality Problem
A situation in which a third party is affected by the consequences of a transaction or activity between others, either positively or negatively.
Private Contract
An agreement between private parties that creates mutual obligations enforceable by law.
Pollution Permits
Tradable permits issued by governments that allow the holder to emit a certain amount of pollution; used to control and reduce environmental harm.
Corrective Taxes
Taxes designed to internalize externalities, typically by charging for negative externalities to correct market outcomes.
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