Examlex
NutriFoods is concerned that its advertising messages are not getting through to the target market as intended.Its radio ads contain music that its target market does not like,and its spokesperson has a very nasally voice that sounds like he has a perpetual cold.These are examples of noise in the communications process.
Socially Efficient
An economic condition where the allocation of resources maximizes social welfare, often where marginal cost meets marginal benefit.
Negative Externalities
Costs that are suffered by a third party as a result of an economic transaction or activity, for which they are not compensated.
Tobacco Industry
The sector of the economy involved in the manufacture, marketing, and sale of tobacco and related products.
Corrective Tax
A tax designed to encourage or discourage certain behaviors to correct for the effects of externalities.
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