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Positive externalities of innovationKey points If inventors received a greater share of the broader social benefits for their work, they would have a greater incentive to seek out new inventions. Positive externalities are beneficial spillovers to a third party or parties. Private benefits are the dollar value of all benefits of a new product or process invented by a company that can be captured...0 Commentarii 0 Distribuiri 243K Views 0 previzualizare
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What Are Externalities in Economics?What Are Externalities in Economics?Examples of Positive and Negative Externalities In economics, many decisions are made by individuals, households, and firms. Usually, these decisions affect the people who make them directly. However, sometimes an action also affects others who were not part of the decision and did not agree to it. Economists call these side effects externalities....0 Commentarii 0 Distribuiri 628 Views 0 previzualizare