Education is often cited as something that benefits more than just the person getting the education; it benefits society in a number of other ways. This is called ______.

Question

Quizplus · Accepted Answer

A positive externality occurs when the consumption or production of a good or service by one person or group benefits another person or group who did not voluntarily incur the cost of that activity. Education is often seen as having positive externalities because as individuals improve their education, they can contribute more to society and the economy as a whole, such as by creating new technologies, enhancing productivity, or engaging in civic activities.

Education Is Often Cited as Something That Benefits More Than