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External economy |
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External economyPositive externality.Similar MatchesExternalityExternalityAn effect of one economic agent's actions on another, such that one agent's decisions make another better or worse off by changing their utility or cost. Beneficial effects are positive externalities; harmful ones are negative externalities. Production externalityProduction externalityAn externality arising from production. External balanceExternal balance1. Balance of payments equilibrium. 2. Any target value for the balance on current account, balance on capital account, or balance of payments. External economies of scaleExternal economies of scaleA form of increasing returns to scale in which productivity and thus costs of individual firms depend on the output of their entire industry, rather than just their own. Unlike more conventional (internal) scale economies, these are consistent with perfect competition. External debtExternal debtThe amount that a country owes to foreigners, including the debts of both the country's government and its private sector. Further SuggestionsPositive externalityCommon external tariff Harmful externality Consumption externality External increasing returns to scale Negative externality External diseconomy Externalities argument for protection External funds |
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