A benefit that accrues without compensation to someone other than the person who caused it is called a(n)_______ benefit.
A)external
B)network
C)social
D)private

Question

Quizplus · Accepted Answer

An external benefit, also known as a positive externality, occurs when a third party gains a benefit from an economic transaction they are not directly involved in, without receiving compensation. This contrasts with private benefits, which accrue directly to the parties involved in the transaction.

A Benefit That Accrues Without Compensation to Someone Other Than