Question

The effect of a transaction between two individuals on a third party who has not consented to or played any role in the carrying out of that transaction. This is called an ______________.

Answer 1

Externality

Step-by-step explanation:

An externality is a loss or benefit generated by a producer not caused or earned directly by the producer. An externality may be positive or negative , and may result whether from the production or consumption of a product or service

Therefore in the given situation, it is mentioned that the two transaction effect between the person with respect to the third party that is not agreed for the transaction i.e to carrying out So this situation describes externality