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What is negative externalities

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What is negative externalities

Posted by Saurabh Prakash 7 months, 1 week ago

CBSE > Class 12 > Economics

1 answers

Anupama Debnath 6 months, 4 weeks ago

When the activities of one result in harm to others with no payment made for the harm done, such activities are called negative externalities, e.g. factories produce goods but at the same time create water and air pollution. Production of goods increases welfare but at the same time pollution reduces the welfare

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