Examlex
The major side effect of aspirin is gastrointestinal toxicity.
External Costs
Costs of economic activities that are not reflected in the market price, affecting parties who did not choose to incur that cost.
Supply Curve
A graphical representation of the relationship between the price of a good or service and the quantity supplied for a given period.
Aluminum Production
The industrial process of extracting aluminum from its oxide, alumina, typically through the Hall-Héroult process.
Positive Externality
A benefit received by someone who had nothing to do with the activity that generated the benefit, often leading to an underproduction of the good/service in a free market.
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