Examlex
Increases in the marginal product of labour result from
Consumption
The use of goods and services by households or individuals for personal satisfaction or to fulfill their needs.
Artificially Excludable
Describes goods or services from which individuals can be prevented from using unless they comply with certain conditions, despite there being no natural reason for exclusion.
License Fee
A charge paid for obtaining legal permission to carry out a particular activity or to use a particular piece of intellectual property.
Marginal Social Benefit
The additional benefit to society as a whole from the production or consumption of one more unit of a good or service.
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