Examlex
One of the major achievements of Piaget's sensorimotor stage is the development of the concept of
External Cost
Costs that are not borne by the parties involved in an economic transaction but are suffered by other members of society.
Free-Rider Problem
A situation where individuals consume more than their fair share of a public resource, or shoulder less than a fair share of the costs of its production, without contributing to the resource's provision.
Air Pollution
The presence of harmful or excessive quantities of substances, including gases, particulates, and biological molecules, in the Earth's atmosphere, causing diseases, allergies, or environmental damage.
Donations
Voluntary transfers of resources, including money or goods, from one party to another without the expectation of receiving something in return.
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