Educational Externalities Eco405

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    Educational Externalities-Eco405

    Educational Externalities In economics, an externality, or transaction spill over is a cost or benefit that is not transmitted through prices. This spillover to others is called a positive externality in consumption, since people other than the direct consumer of the item find their well-being enhanced by the direct consumer’s use of it. Education is a good example of a positive externality to acquire educational benefits to the individual and to society as a whole. These are the possible positive

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