Examlex
In comparison to the court process, the arbitration of grievances:
Negative Externality
A cost that is suffered by a third party as a consequence of an economic transaction.
Extravagant Consumption
The act of spending on luxury and expensive goods and services in excess of one's basic needs, often as a display of wealth.
Affluent Professionals
Individuals with high income and educational levels, often working in professions that require advanced degrees.
Everyday Uses
The common or routine utilizations of objects, technologies, or insights in daily living.
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