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Topic Videos

What are Externalities?

Level:
AS
Board:
AQA, Edexcel, OCR, IB, Eduqas, WJEC

Last updated 21 Mar 2021

Externalities arise from production and consumption and lie outside of the market transaction. This short topic video looks at examples and explains the difference between private, external and social costs and benefits.

Introduction to externalities from production and consumption

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