Examlex
Which type of thinking is most closely related to creativity?
Coase Theorem
A principle that suggests that if property rights are clearly defined and transaction costs are low, externalities can be efficiently resolved through private bargaining, regardless of who holds the rights.
Basic Rights
Fundamental entitlements and freedoms that are guaranteed to individuals, often protected by law or international treaties.
Impediments To Bargaining
Factors or conditions that obstruct or complicate the process of reaching a negotiation agreement.
Marginal Cost
The amount spent to produce a further unit of a good or service.
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