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A market failure is when an allocation of resources has a negative effect on a third party that is outside the market mechanism. The third party effects are negative externalities. Increasing transport us...

Inflation is the increase in general price levels in an economy. It is measured by two indices; retail price inflation (RPI) and consumer price inflation (CPI). CPI is the more common measure and measures...

A Sequential Hermaphrodite is when an organism (often fish) is born as one sex, but later in life changes sex. Eg Clownfish are born male but the largest becomes female. This is important in fish populat...

In every language, there is an observable both linguistic and social distinction between the standard, non-regional variety, which is generally seen as more prestigious by its speakers, and its dialectal ...

Benzene is a planar, cyclical, hexagonal molecule, with the molecular formula C₆H₆. It consists of a ring of 6 carbon atoms with alternating single bonds and double bonds. The length...