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14 July, 02:42

What does Extarnality mean?

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  1. 14 July, 04:09
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    Externality is divided into 2 parts:

    External Cost or External Benefit.

    It is either a cost or benefit incur to someone who did not choose to incur that cost or benefit

    For eg:A stone crusher incur external cost which is pollution that affect people living nearby.
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