| 单词 | consumption externality |
| 释义 | consumption externality An external cost or benefit arising from a consumption activity. These are very common: external costs include noise from television or power mowers affecting neighbours; external benefits include the sight of well-kept gardens and antique motor cars. Some consumption externalities, such as garden bonfires, mainly affect close neighbours and can to some extent be limited by mutual agreement. Others, such as the effects on other traffic of towing caravans on crowded roads, affect complete strangers, so that informal social control is very difficult. |
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