Examlex
The block shown in the figure is sliding on a frictionless surface. Its speed when it reaches the level portion of the surface on which it is sliding will be
Artificially Excludable
Describes goods or services from which individuals can be prevented from using unless they comply with certain conditions, despite there being no natural reason for exclusion.
License Fee
A charge paid for obtaining legal permission to carry out a particular activity or to use a particular piece of intellectual property.
Marginal Social Benefit
The additional benefit to society as a whole from the production or consumption of one more unit of a good or service.
Security Guard
A person employed to protect property, assets, or individuals, often through surveillance, patrolling, and enforcing safety protocols.
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