Positive externalities are the benefits or positive external effects to the third parties other than the producer or consumer as a result of the production and consumption of products or services. The positive externalities can result both from the consumption and production of products and services.
For example, the honey bee farms are built near the flower fields for a rich source of nectar for honey production. The farming of flowers has caused the honey farmers a benefit that has nothing to do with the usage of flowers. This is an example of a positive externality.
