Examlex
The decision to extend credit beyond the normal credit limit is an example of
Private Value
The individual valuation of a good or service to a particular consumer or producer, not taking into account external effects or social welfare.
External Benefits
Positive effects of a product or service on individuals or entities who are not directly involved in the transaction or production of the product or service.
External Benefit
A positive effect or advantage that results from a product or service's use, affecting individuals or entities who are not directly involved in the transaction.
Positive Externality
A beneficial effect experienced by a third party or the society as a whole, resulting from an economic transaction.
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Q100: Which control does not help to ensure