The term "spillover" is also referred to as internalization of an externality.

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"Spillover" refers to the impact of an economic activity on a third party that is not directly involved in the activity, while "internalization of an externality" refers to the process of taking into account the external costs or benefits of an economic activity, often through government intervention or market-based solutions, so that the effects on third parties are considered in the decision-making process.

The Term "Spillover" Is Also Referred to as Internalization of an Externality