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3 Tutorials that teach International Regulatory Environment
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International Regulatory Environment

International Regulatory Environment

Author: Dan Laub
Description:

This lesson covers the International regulatory environment

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Terms to Know
Economic Justice

Also economic equity; the concept that all people, regardless of geographical location, race, gender, and national identity, should be conferred basic quality of life rights that include fair pay, housing, access to medical care, and education, among other characteristics.

Externality

The effects of a good or service to a third party; can be negative or positive.

Marginal Benefit

Amount of utility gained by consuming an additional single unit of product.

Marginal Cost

Additional cost incurred when producing one additional product.

Microeconomic Theory

The theory underlying the study of firm and consumer behavior.