Examlex
How does Robert Merton explain crime? How would Merton explain the crimes committed in the inner city?
Technology
The application of scientific knowledge for practical purposes, especially in industry and the design of machinery or equipment.
Negative Externality
An economic situation where a third party suffers costs or disadvantages as a result of a transaction between others, often related to pollution or environmental impact.
Negative Externalities
Costs suffered by a third party due to an economic transaction that they were not involved in, such as pollution from a factory affecting nearby residents.
Positive Externalities
Benefits that occur to a third party not directly involved in an economic transaction, leading to underproduction if not addressed.
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