Examlex
Many optical illusions result from the fact that
Internalize Externalities
The process of adjusting market prices to account for the external costs or benefits generated by a product or service's production or consumption.
Negative Externalities
Costs imposed on a third party not involved in a transaction, such as pollution from a factory affecting nearby residents.
Technology Spillover
Occurs when technological advances or innovations benefit other sectors or industries, beyond the original intention.
Negative Externality
A cost that affects a party who did not choose to incur that cost, often associated with environmental, health, and social issues.
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