Examlex
Governments never issue stock because they cannot sell ownership claims.
MBA Degree
A Master of Business Administration degree, a graduate-level education that focuses on the theoretical and practical aspects of business and management.
Externalities
Economic side effects or by-products that affect uninvolved third parties; can be negative (like pollution) or positive (like education benefits), and are not reflected in market prices.
Property Rights
Legal rights to own, use, and dispose of assets or resources, playing a critical role in determining the allocation and use of resources in an economy.
Enforced
Imposed by authority or law, ensuring compliance or obedience through the application of rules or regulations.
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