Examlex
Technology spillover occurs when
Third Party
An entity involved in a transaction besides the two main parties; in insurance, the person other than the policyholder and the insurer who may be affected by or have a claim against the policy.
Costs
The amount that must be paid or spent to buy or obtain something.
Compensation
Payment or benefits received for services rendered or damages incurred; often used in the context of employment.
Invisible Hand
A term coined by Adam Smith to describe the unintended social benefits resulting from individual actions when those actions are motivated by self-interest.
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