Examlex
Distinguish between a void and a voidable contract.
Per-unit Subsidy
A financial aid provided by the government for each unit of a product produced or sold.
Private Market-clearing
The process by which supply and demand balance out at a price where the quantity supplied equals the quantity demanded in a private marketplace, without excess surplus or shortage.
Emissions Taxes
Taxes levied on the emission of pollutants, aimed at reducing environmental harm by incorporating the cost of pollution into the market price.
Tradable Emissions Permits
A regulatory system that allows companies to buy or sell allowances for a given amount of emissions, encouraging reduction in total emissions in a cost-effective manner.
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