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A(n) ____ database is designed to support a company's day-to-day operations.
External Costs
Costs that are not reflected in the market price of goods or services, often burdening third parties not involved in the transaction.
External Benefits
Positive effects of a production or consumption activity on third parties not directly involved in the transaction.
Property Rights
Legal rights that delineate the ownership and use of property, including rights to use, sell, rent, mortgage, transfer, and destroy the property.
Marginal Costs
The additional cost incurred by producing one more unit of a product or service, crucial for decision-making in economics and business.
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