Marginal external benefit,
Definition of Marginal external benefit:
The per unit change that accrues when the activities of one group have a favorable effect on another group. For example, an economic think tank might be interested in assessing the marginal external benefit of having a more educated population on the level of corporate business profits.
The additional benefit arising from a unit increase in a particular activity.
How to use Marginal external benefit in a sentence?
- For any given level of deforestation the marginal benefits to the farmer of clearing decreases with the cumulative area logged.
Meaning of Marginal external benefit & Marginal external benefit Definition