Examlex
Whether a substance exists as a gas,liquid,or solid depends on the balance between the kinetic energy of its particles and the strength of the interactions between the particles.
Social Costs
The total cost to society, including both private costs borne by individuals and external costs affecting others not directly involved in a transaction.
Circular Flow Model
An economic model depicting how money moves through an economy between producers and consumers, illustrating the interconnectedness of different sectors.
Capital Goods
Long-term assets used by businesses to produce goods and services, such as buildings, machinery, and equipment.
Pierre-Joseph Proudhon
A French socialist philosopher and politician, best known for his declaration that "property is theft" in the context of his critique of the social injustices of his time.
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