Examlex
If there is an increase in the number of workers who want to work as accountants,there will be a
Public Good
This is a good that is non-excludable and non-rivalrous in consumption, meaning it can be used by everyone and one's use does not diminish another's.
Costs
The outlay or expenditure (monetary or otherwise) incurred by a business or individual in the process of producing or offering goods and services.
Benefits
The advantages or positive outcomes that come from specific actions, policies, or investments.
Principal-Agent Problem
The conflict that arises when the goals of principals, such as shareholders, differ from those of agents who make decisions on behalf of the principals, like executives.
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