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Externality
A consequence of an economic activity experienced by unrelated third parties, which can be either positive (benefits) or negative (costs).
Gasoline
A highly flammable liquid derived from petroleum, used mainly as fuel in internal combustion engines.
Social Value
The importance or worth that a product, service, or action has to society, including both economic and non-economic factors.
External Benefit
A positive spillover effect of a transaction or activity that benefits a third party not directly involved in the transaction.
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