Examlex
Convert to radians.
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.
Market
The environment in which buyers and sellers interact to exchange goods, services, and information, setting prices through supply and demand.
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