välisteffektide
Välisteffektide, a term derived from Estonian, refers to externalities in economics. These are costs or benefits that affect a third party who did not choose to incur that cost or benefit. Externalities can be either positive or negative.
Negative externalities occur when the production or consumption of a good or service imposes a cost on
Positive externalities, conversely, occur when the production or consumption of a good or service creates a
Governments often intervene to address externalities. For negative externalities, policies like taxes on polluting activities or