Examlex
The rights of an owner to use and exchange property are
Externality
An economic effect of a transaction that affects third parties who did not choose to be involved in the transaction.
Externality
An externality is a cost or benefit caused by a producer that is not financially incurred or received by that producer.
Market Exchange
The process through which goods, services, or assets are traded between buyers and sellers at a determined price.
Negative Externalities
Unintended and unfavourable outcomes of an activity or transaction that affect third-party stakeholders who did not choose to be involved in that activity.
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