Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

neighborhood effect

Read a random definition: HAVA

A quick definition of neighborhood effect:

Neighborhood effect: When someone's actions have an impact on the people around them, it's called a neighborhood effect. This can be good or bad. For example, if someone plants pretty flowers in their yard, it can make the whole neighborhood look nicer and everyone benefits. But if a factory pollutes the air or water, it can harm the health of people living nearby. These effects are called externalities.

A more thorough explanation:

A neighborhood effect is a type of externality, which refers to the social or monetary consequences of one's economic activity that affect others without compensation. It can be positive or negative.

  • Positive externality: When a homeowner in a neighborhood invests in attractive landscaping, it can increase the property values of neighboring homes. This is a positive externality because the homeowner who invested in the landscaping does not receive direct compensation for the increase in property values of their neighbors.
  • Negative externality: A nearby factory that pollutes the water can harm the health of people living in the surrounding area. This is a negative externality because the factory does not compensate those affected by the pollution.

These examples illustrate how economic activity can have consequences that extend beyond the individual or business involved. The neighborhood effect is important to consider when making decisions that impact the community as a whole.

neighborhood | neighboring right

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
23:40
@JumpySubsequentDolphin: thats rwally good
23:40
@shaquilleoatmeal: once upon a time i was on jeopardy
texaslawhopefully
23:40
@lilypadfrog: working in a judge's chambers for a year or two
lilypadfrog
23:40
twice upon a time
23:40
9/10
23:40
four times upon a time but twice upon a time i won
lilypadfrog
23:41
@texaslawhopefully: Tex u would lose jeopardy it’s the other way around
23:41
@texaslawhopefully: i believe she was doing the jeopardy bit
texaslawhopefully
23:41
Well I'm completely socially unaware lmao
JumpySubsequentDolphin
23:42
@texaslawhopefully: what is a federal clerkship?
JumpySubsequentDolphin
23:42
did I win
you won my heart jumpy <3
lilypadfrog
23:42
girl who has been on lsd.law for two cycles and remains blissfully unaware of what a clerkship is would be a good bit
23:42
goodnight chatroom crew
texaslawhopefully
23:42
Yeah I probably should have known better
texaslawhopefully
23:43
goodnight info man and good luck tmrw! you're going to kill it
Proud of you, Info!
lilypadfrog
23:43
bye bye info man
23:43
Jumpy that was good too youre cooking
JumpySubsequentDolphin
23:43
@IrishDinosaur: ly <3
JumpySubsequentDolphin
23:43
@JohnLennon: rate it
23:44
8
Dkk
0:24
@info-man: that's cool. I love jeopardy.
should we be expecting any waves tomorrow?
texaslawhopefully
0:49
maybe chicago
good luck then to all u chicago applicants!
penn ed plzzzz
Dkk
1:44
Lol, expectations.
Dkk
2:14
My favorite romanian political commentator ^
LSD+ is ad-free, with DMs, discounts, case briefs & more.