Explain the Concept of Externality and Give an Example

question 1

Essay

Explain the concept of externality and give an example.

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Definitions:

Overflow Characters

Text or characters that exceed the designated space provided for display or input, often leading to truncation or scrolling.

Active Cell

In spreadsheet software, the cell that is currently selected and ready to receive data or be manipulated.

Major Error

A significant mistake or fault in a process, system, or document that could have considerable negative effects.

Formula Bar

A toolbar at the top of spreadsheet software that displays the contents of the current cell and allows for the entry and editing of formulas.