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What Are the Various Forces That Make It Necessary for the Organizations

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Essay

What are the various forces that make it necessary for the organizations to change?


Definitions:

Marginal Social Benefit

The additional gain to society as a whole resulting from an additional unit of a good or service being produced and consumed.

Marginal Social Cost

The total cost to society of producing one additional unit of a good, including both the private cost and any external costs.

Pollution Emissions

Refers to contaminants or pollutants released into the environment, usually from human activity, that can harm human health and the ecosystem.

Efficient Level

The optimal point of production or consumption, where resources are utilized in the most effective manner, minimizing waste and maximizing benefit.

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