positive externalities---Benefits flowing to others not directly involved in the exchange,
consumption of, and/or manufacture of a good or service. For example, one crew
member buys a flowering fruit tree and enjoys the tree daily by looking at it
and eating its fruit. Other crew members passing by also enjoy looking at it.
Many thanks are in order to Professor Khan on December 8, 2013
for:
http://www.khanacademy.org/economics-finance-domain/microeconomics
/consumer-producer-surplus/externalities-topic/v/positive-externalities
consumption of, and/or manufacture of a good or service. For example, one crew
member buys a flowering fruit tree and enjoys the tree daily by looking at it
and eating its fruit. Other crew members passing by also enjoy looking at it.
Many thanks are in order to Professor Khan on December 8, 2013
for:
http://www.khanacademy.org/economics-finance-domain/microeconomics
/consumer-producer-surplus/externalities-topic/v/positive-externalities