Examlex
The difference between point source and nonpoint source pollution is that:
Sustainable
The quality of not being harmful to the environment or depleting natural resources, thereby supporting long-term ecological balance.
Substitution Effect
The change in consumption patterns due to a change in relative prices, where consumers substitute away from more expensive goods towards cheaper ones.
Income Effect
The alteration in the income of an individual or an economy and its impact on the demand for a specific good or service.
Private Saving
Private saving is the portion of household income that is not consumed or paid in taxes, but instead is saved or invested.
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