Examlex
Jake hits his brother and gets scolded by mom.As a result he is more likely to hit his brother.This is an example of:
Social Benefits
The positive impacts on society and individuals generated by public services and goods, including education and healthcare.
Social Costs
The total cost to society as a whole for producing a good or service, including both the private costs incurred by firms and also any costs inflicted on third parties.
Special Interest Groups
Groups of people or organizations with common interests that seek to influence public policy and decisions.
Shortsightedness Effect
The shortsightedness effect refers to the tendency of decision-makers to prioritize short-term gains over long-term outcomes, often leading to suboptimal results.
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