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  • Externalities: The Effect of A Transaction of Two Individuals On A Third Party Who Does Not Consent To The Transaction

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    Aaron Hoard
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    Externalities refer to the impact of a transaction between two parties that has an effect on a third party who is not directly involved in the transaction. Externalities can be either positive, where the third party benefits from the transaction without paying for it, or negative, where the third party incurs costs from the transaction without compensation. Externalities are an example of how an economic transaction between consenting individuals can still impact others beyond the two direct parties in the deal.

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    Motivational Poster: Externalities

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    Externalities

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    Externalities refer to the impact of a transaction between two parties that has an effect on a third party who is not directly involved in the transaction. Externalities can be either positive, where the third party benefits from the transaction without paying for it, or negative, where the third party incurs costs from the transaction without compensation. Externalities are an example of how an economic transaction between consenting individuals can still impact others beyond the two direct parties in the deal.

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    6 views1 page

    Externalities: The Effect of A Transaction of Two Individuals On A Third Party Who Does Not Consent To The Transaction

    Uploaded by

    Aaron Hoard
    Externalities refer to the impact of a transaction between two parties that has an effect on a third party who is not directly involved in the transaction. Externalities can be either positive, where the third party benefits from the transaction without paying for it, or negative, where the third party incurs costs from the transaction without compensation. Externalities are an example of how an economic transaction between consenting individuals can still impact others beyond the two direct parties in the deal.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    EXTERNALITIES

    the effect of a transaction of two individuals on a


    third party who does not consent to the transaction.

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