Concept information
Preferred term
economic spillover
Definition
- Economic spillover, also referred to as an externality, is a cost or benefit that is created by an individual or a firm that also affects other parties in a way that is not captured by the price, or that spills over to other consumers or producers. Economic spillover is often classified as either a consumption or a production externality. [Source: Encyclopedia of Health Services Research; Economic Spillover]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/economic_spillover
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