Examlex
What does ERP stand for?
Pollution
The introduction of harmful substances or products into the environment, causing adverse effects on living beings and ecosystems.
Marginal Social Cost
The additional cost to society as a whole of producing one extra unit of a good or service.
Too Little
A situation where the quantity or amount available or supplied is insufficient to meet demand or requirements.
External Cost
Costs of a transaction that affect people other than the buyer or seller, typically not reflected in the market price.
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