Outsourced costs, also known as externalities, are negative impacts on people outside of economic transactions, such as pollution. External costs can also include resource depletion, climate change, and health problems. The environment is often the victim of external costs, and many countries have agencies in place to protect it. Outsourced costs are negative impacts associated […]
Outsourced benefits are positive effects of a financial transaction that benefit a third party or the world at large. They are a type of positive externality, which companies may try to create to be seen as socially responsible. Intellectual property and network externalities are examples of outsourced benefits. Measuring positive and negative externalities is becoming […]
