Examlex
Whether you can negotiate on salary depends on only one factor.
Externality
An external effect, either positive or negative, on a party not involved in a transaction or activity.
Property Rights
Legal rights to use, control, or dispose of property, including real estate, intellectual property, and personal assets.
Scarce Resources
Fundamental economic problem of having seemingly unlimited human wants in a world of limited resources, leading to the necessity of allocation decisions.
Individual
A single human being apart from a society or community, often considered as an independent entity in economic theories.
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