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3 Tutorials that teach International Regulatory Environment
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International Regulatory Environment

International Regulatory Environment

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Author: Colton Cranston
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This lesson covers the International regulatory environment

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Tutorial

Notes on "International Regulatory Environment"

Key Terms

Microeconomic Theory

the theory underlying the study of firm and consumer

behavior

Externality

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

positive.

Marginal Cost

Additional cost incurred when producing one additional product.

Marginal Benefit

Amount of utility gained by consuming an additional single unit

of product.

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.