Examlex
Which of the following occurs fourth in the eutrophication process?
Government Provision
Public goods and services provided by the government for the benefit of its citizens.
Total Surplus
The sum of consumer surplus and producer surplus, representing the total net benefit to society from the production and consumption of a good or service.
Cost-Benefit Analysis
An economic evaluation method that compares the relative costs and benefits associated with a proposed project or decision.
Opportunity Cost
The worth of the best alternative given up when a decision is made.
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