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External balance |
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External balance1. Balance of payments equilibrium. 2. Any target value for the balance on current account, balance on capital account, or balance of payments.Similar MatchesProduction externalityProduction externalityAn externality arising from production. Positive externalityPositive externalityA beneficial externality; that is, a beneficial effect of one economic agent's actions on another. Considered a distortion because the first agent has inadequate incentive to act. Examples are the attractiveness of well-kept farms for the tourism industry (a production externality) and reduced contagion of disease due to vaccines (a consumption externality). External debtExternal debtThe amount that a country owes to foreigners, including the debts of both the country's government and its private sector. External increasing returns to scaleExternal increasing returns to scaleExternal economies of scale. Common external tariffCommon external tariffThe single tariff rate agreed to by all members of a customs union on imports of a product from outside the union. Further SuggestionsConsumption externalityNegative externality External economy External diseconomy Externality Harmful externality Externalities argument for protection External funds External economies of scale |
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