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What is the social value of a good include in the presence of positive externality?

What is the social value of a good include in the presence of positive externality?

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The social value of the good in the presence of a positive externality is greater than the private value and this is because when there is a positive externality such as education the third party such as the society benefits due to the externalities and the additional benefit contributes to the social value on the whole and for instance when you consider the case of education, if an industry consists of higher amount of educated professionals their productivity would also be high as a result of which the cost would be lower with which the price would also be lower for the people to buy and due to education the people' benefiting on the whole

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