Examlex
Reciprocal determinism is the concept that human action is the result of an interaction of behavior, environment, and person factors.
Output
The aggregate output of products or services generated by an enterprise, sector, or economic system over a defined time frame.
Positive Externality
A benefit obtained without compensation by third parties from the production or consumption of sellers or buyers. Example: A beekeeper benefits when a neighboring farmer plants clover. Also known as an external benefit or a spillover benefit.
Spillover Benefit
A positive effect experienced by bystanders or other parties not directly involved in the production or consumption of a good or service.
External Costs
Costs incurred by a third party as a result of an economic transaction that are not reflected in the transaction's price.
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