What is externalities..and what are negative …
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Posted by Harshita Lalwani 5 years, 11 months ago
- 3 answers
Isha Aggarwal 5 years, 11 months ago
Yogita Ingle 5 years, 11 months ago
An externality is a positive and negative impact on economic activity on the others without involving any price. For example, emissions from driving contribute significantly to global warming. This leads to poor air quality and it contributes to significant health problems. People who breathe in this polluted air are at a higher risk for asthma and damage to the reproductive system. Thus, it affects the health of the people, which in turn reduces the welfare of the nation.
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Harshita Lalwani 5 years, 10 months ago
0Thank You