Examlex
The development of axillary buds is under the control of a single hormone, cytokinin.
Carbon Dioxide Emissions
Carbon dioxide emissions are the release of CO2 into the atmosphere, primarily from burning fossil fuels, which contribute to global warming and climate change.
Allocative Efficiency
A state of resource allocation where it is impossible to make any one individual better off without making someone else worse off, ensuring that resources are used for producing the goods and services most desired by society.
Willingness to Pay
The maximum amount an individual is ready to spend on a good or service, reflecting the value the consumer places on it.
Supply-Side Market Failures
Situations where the production or supply side of the market does not efficiently allocate resources due to externalities or other market imperfections.
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