Question

What are spillover costs?

Answer 1

Spillover costs are Productions costs paid by the general public.

Spillover costs are also known as negative externalities. These are costs or dates shouldered by third parties due to a market transaction.

Answer 2

Spillover costs are production costs paid by the general public.

In economics a spillover is an economic event in one context that take place because of something else in a seemingly unrelated context. For instance, externalities of economic activity are non-monetary spillover effects upon non-participants. Spillover costs are costs of consumption or trade that spill over onto other parties. Economists call spillover costs externalities.