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Positive externalities

Positive externalities (external benefits) arise from the production or consumption of goods or services that create positive spillover effects to third parties. These products are known as merit goods.

Where this appears

The syllabus topics that use this term.

  • 2.8Importance of International Cooperation
  • 2.8Managing Common Pool Resources

Taught in Market Failure: Externalities and Common Pool Resources

All 809 terms
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