Examlex
Concepts such as trait and type fall into which of the following areas?
Externality
A consequence of an economic activity experienced by unrelated third parties; it can be either positive or negative.
Precision-estimates
The accuracy of an estimate in terms of how closely it predicts the actual value, often relevant in statistical analyses and forecasting.
Opportunity Cost
The loss of potential gain from other alternatives when one alternative is chosen.
Investment Project
A project or activity that involves spending capital with the expectation of future financial returns.
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