Externality: What It Means in Economics, With Positive and Negative Examples

An externality is an economic term referring to a cost or benefit incurred or received by a third party who has no control over how that cost or benefit was created.

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Externality - Wikipedia

Externality: What It Means in Economics, With Positive and Negative Examples

Externality: What It Means in Economics, With Positive and Negative Examples

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