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What Is External Diseconomy?

2010/7/21 20:05:00 50

External Diseconomy

External diseconomy: refers to the harm that a family or a manufacturer's economic activity can't compensate for other families or manufacturers. Obviously, the private interest of this economic activity is greater than that of the society.

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What Is The Kos Theorem?

Kos's theorem is a theory of property right and an important theory and a new train of thought for solving the externality of economic activities. Its principle is that in the market exchange, if the paction cost is zero, the property right will not affect the efficiency of resource allocation.