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What is the economic term for the indirect effects of markets that are not corrected within the markets?
Wiki User
∙ 9y ago
Externalities. A more proper definition for an externality is a transaction between two economic agents which affects a third, non-participating agent. Whether or not externalities are corrected for in a market is a matter of debate in economic theory.
Wiki User
∙ 12y ago
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What is the economic term for the indirect effects of markets that are not corrected within markets?
Externalities
What is the economic term for the indirect effects of market that are not corrected within the markets?
Externalities
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What are the effects of international trade to domestic markets?
· What are the effects of international trade to GDP, domestic markets and university students?
When markets or governments make economic decisions about what goods and sevices their resources will be used to make what basic economic question are they answering?
In market-based economies, markets determine prices which will answer the three economic questions
What are the 4 basic economic sectors?
Factor Markets, Households, Profuct markets, firms
What is economic aggregation?
The economic aggregates are measures that summarize data across markets.
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