TERMIUM Plus^®

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Record number: 1, Textual support number: 1 OBS

An "external economy" is defined as a favorable effect on one or more persons that emanates from the action of a different person or firm; it shifts the cost or utility curve of each person it helps, and such an externally caused shift should be distinguished from any international movement along the affected individual's own cost curve. External economies have a considerable importance in connection with government activities that provide benefits to many individuals (so-called "public goods").  1, fiche 1, Anglais, - external%20economy

Fiche 1,  Justifications,  Français

Fiche 1,  Justifications,  Espagnol