Examlex
Which client statement demonstrates improvement in anger and aggression management?
External Benefit
Positive effects of a transaction or activity on third parties not directly involved in the transaction, which are not reflected in the market price.
Negative Externality
A negative externality is a cost imposed on a third party not involved in the production or consumption of a good or service, such as pollution.
Positive Externality
A beneficial effect experienced by a third party who did not choose to incur that benefit, often resulting from an individual's or firm's actions.
Corrective Tax
A tax designed to internalize externalities, effectively correcting market outcomes that might otherwise result in social inefficiency.
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