Examlex
All of the following are part of the European community's plan to eliminate all barriers to free trade among its members with the exception of ______.
Efficiency
The ability of a system or process to achieve a goal using the least amount of resources possible.
External Benefits
Positive effects experienced by third parties or the broader society as a result of an economic transaction or activity that are not reflected in market prices.
Market Demand Curve
A graphical representation showing the relationship between the price of a good and the total quantity demanded by all consumers in the market.
Positive Externality
A benefit that affects a party who did not choose to incur that benefit, often associated with public goods and services.
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