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Negative Externalities
Costs or disadvantages suffered by a third party due to an economic transaction that they are not directly involved in.
Economic Efficiency
A state in which resources are allocated in a way that maximizes the production of goods and services at the least cost and minimum waste.
Congestion
A state of overcrowding in a space or area, often leading to traffic jams, delayed services, or inefficiency.
Logrolling
A practice in politics where legislators exchange support or votes on issues of mutual interest, often without considering the issues' merit.
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