Examlex
In the absence of information regarding a change, employees may fill the gap with
External Benefits
Positive effects of an economic transaction experienced by people or entities not directly involved in the transaction.
External Costs
Costs that are not borne by the producer or consumer but by third parties or society at large, such as pollution or resource depletion.
External Benefit
A positive effect on a party who did not choose to incur that benefit, often associated with public goods or services.
Public‐spirited
Exhibiting a selfless concern for the well-being of the community and the willingness to act for the public good.
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