Examlex
A company had the following items and amounts in its unadjusted trial balance as of December 31 of the current year:
Internalizing External Costs
The process of ensuring that the prices of goods and services fully reflect all the costs and benefits, including those impacts on the environment and human health that are not accounted for in the market price.
Environmental Degradation
The deterioration of the environment through depletion of resources such as air, water, and soil; the destruction of ecosystems; and the extinction of wildlife.
Market Price
The current value at which a commodity, security, or service can be bought or sold in a marketplace.
Economic Growth
An increase in the economic output and wealth of a country, typically measured by the gross domestic product (GDP).
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