Spillover effects, also known as externalities, refer to the unintended or indirect consequences of an economic activity or decision that affect third parties who are not directly involved in the activity. These effects can be positive (beneficial) or negative (harmful) and can occur in various contexts, including production, consumption, and investment.
One action, many consequences 🌊🎠Unintended sideeffects, good or bad, from economic activity.
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