Asked by

Mikaella Garbes
on Nov 05, 2024

verifed

Verified

Externalities involve the imposition of costs or benefits on parties outside an activity or transaction.

Externalities

Economic side effects or consequences of industrial or commercial activity that affect other parties without being reflected in the costs of the goods or services involved.

  • Familiarize oneself with the principles of externalities and their consequences on the welfare of the community.
verifed

Verified Answer

JT
Jesie TaylorNov 05, 2024
Final Answer:
Get Full Answer