Examlex
One of the seeds of innovation is hard work in a specific direction.
Positive Externalities
Benefits that are enjoyed by a third-party or society as a result of an economic transaction.
Producing Firm
An entity or company involved in the creation of goods or services to be offered to consumers.
Decision Makers
Individuals or groups responsible for making choices that determine the course of actions to be followed.
Efficient
The property of resource allocation where it is impossible to make any one individual better off without making at least one individual worse off.
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