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What is an externality?

An externality is the effect of an economic transaction on a third party not involved in the original economic transaction, and can be negative or positive. Negative: Pollution. Positive: Education

Elliott S. IB Business Studies tutor, IB History tutor, IB Economics ...

8 months ago

Answered by Elliott, an IB Business Studies tutor with MyTutor

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Julia R.

Degree: Law (Bachelors) - Durham University

Subjects offered: Business Studies, English Language

Business Studies
English Language

“Who am I? I am a law student at Durham University from Poland and the Netherlands. I love to read and write, as well as do creative things, such as make fun and colourful notes to study from. I am an open, enthusiastic and friendly pe...”

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Alexander C.

Degree: Accountancy (Bachelors) - Durham University

Subjects offered: Business Studies, Maths+ 5 more

Business Studies
Maths
French
English Literature
English Language
Dutch
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“Hi! My name is Alex, and I am currently a student at Durham University, studying Accountancy! I came to Durham from The Netherlands, having spent my entire life there, but have British and French parents. Having gone to an internation...”

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Elliott S.

Currently unavailable: for regular students

Degree: MA Honours International Business with French (Bachelors) - Edinburgh University

Subjects offered: Business Studies, History+ 3 more

Business Studies
History
French
English
Economics

“Hi there my name is Elliott Simpson. I am a 4th year Honours student at the University of Edinburgh pursuing a degree in International Business with French. Previously, I acheived an International Baccalaureate degree at the Toronto F...”

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