Examlex
What is the marketability premium? Why should an issuing firm consider paying this premium?
Pareto Optimal
Pareto optimal describes a state in an economic system where it’s impossible to make any one individual better off without making at least one individual worse off, indicating an efficiency in resource allocation.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning one person's consumption does not reduce availability for others and cannot exclude others from using them.
Private Consumption
Expenditure by households on goods and services, excluding purchases of dwellings, which is a key component in the calculation of a country's Gross Domestic Product (GDP).
Pareto Efficient
An economic condition wherein resources are allocated in such a way that it is impossible to make any one individual better off without making at least one individual worse off.
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