What is Externality?
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an externality is a cost or benefit resulting from an economic transaction that is borne or received by parties not directly involved in the transaction. Externalities can be either positive, when an external benefit is generated, or negative, when an external cost is imposed upon others
"The factor has negative externality on the environment"
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A reference to the game Scrabble. It can now be used as a descriptive word when something good has happened.
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