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What Is an Externality

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What is an externality?


Definitions:

Generalize

The act of applying specific observations to broader contexts or populations.

Naturalistic Observation

An observational study technique where participants are watched in their usual surroundings without any intervention from the researcher.

Laboratory Observation

A research method where subjects are observed in a controlled environment to ensure accuracy of findings.

Control

The power or authority to direct, manage, or govern actions or outcomes.

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