Positive Externalities - Deepstash

Positive Externalities

A positive externality imposes an unexpected benefit on a third party. The producer doesn't agree to this, nor do they receive a 'reward' for it.

  • Scientific research can have applications beyond their initial scope.
  • Blaise Pascal and Pierre de Fermat developed probability theory to solve a gambling dispute. Probabilities are now a core part of how we think.

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Patience is the key to achieve your goals.

The idea is part of this collection:

What Is Opportunity Cost

Learn more about personaldevelopment with this collection

The impact of opportunity cost on personal and professional life

Evaluating the benefits and drawbacks of different choices

Understanding the concept of opportunity cost

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