Economics Dictionary of ArgumentsHome
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| External Benefit - Economics Dictionary of Arguments | |||
| External benefit: An external benefit is a positive spillover effect of an economic activity that benefits third parties who are not directly involved. Examples include education (which improves society’s productivity) and vaccinations (which reduce disease spread). Since these benefits are not reflected in market prices, they often justify government intervention like subsidies. See also External cost, Externalities._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
| Author | Item | More concepts for author | |
|---|---|---|---|
| Rothbard, Murray N. | External Benefit | Rothbard, Murray N. | |
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Authors A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Concepts A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Ed. Martin Schulz, access date 2026-06-18 | |||
