Examlex
Explain why costs shocks are bad news for policy makers.
Externality
A consequence of an industrial or commercial activity which affects other parties without this being reflected in market prices.
Uncompensated Benefits
Benefits that occur from an economic transaction that affect individuals not directly involved in the transaction, not compensated by the market.
Waterway Pollution
Contamination of rivers, lakes, oceans, and other bodies of water, adversely affecting aquatic ecosystems, human health, and the economy.
Open Access
A policy whereby resources are made available to all, without restrictions, such as in academic publishing where research is freely accessible.
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