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Smoking, specifically tobacco, is an example of a negative externality in that it harms negatively those outside of the original transaction. For example, a person walking down a high street inhaling seco...

Social class is a way of categorising people according to certain qualities they may have, or conditions in their life. In the United Kingdom this can be things like your parents' jobs, what kind of educa...

It is part of Bowlby's monotropic theory which states that during this first crucial period of 0-2 years, an infant should receive continuous care if strong secure attachments are going to be made. If an ...

Long term memory is split into two divisions; procedural which is knowing how to do something and declarative which is knowing that. Pr...

As the production function remains the same, the economy has a temporary increase in output, but reverts back to its original steady state as the extra capital depreciates over time. This can be illustrat...