Examlex
Net pen and open pond aquaculture are technologically simple and inexpensive to set up and operate. However, they pose some significant environmental challenges. For the following three challenges-displacement of native habitat, generation of large volumes of waste, and potential escape of non-native species-explain why they are a problem and how the challenge can be addressed to make net pen and open pond aquaculture systems more sustainable.
Equilibrium Price
The price point in a market at which the supply of goods matches demand, leading to a stable market condition.
Labor Market
The marketplace where workers seek employment and employers seek workers, defined by supply and demand for labor.
Marginal Productivity
The additional output that is produced by using one more unit of a factor of production, keeping all other factors constant.
Income Distribution
The way in which a nation’s total income is distributed among its population.
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