What is externalities??
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Posted by Aishwarya Dixit 5 years, 11 months ago
- 2 answers
Yogita Ingle 5 years, 11 months ago
Externalities refer to the benefits or harms that a firm or an individual causes to another for which they are not paid.
For example, river pollution created by an oil refinery has disastrous effects on aquatic life.
It reduces the overall welfare of the society and create negative externality.
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Ekta Jaiswal 5 years, 11 months ago
0Thank You