Externality In Erin Brockovich

There is a huge relationship between the market and things that drives the market such as the public sector. There are three levels to public sector. The three levels are Federal, Regional and Local. The public sector is a part of the economy because it dictates how the economy will run. However, sometimes the public sector will partner with a company in the private sector to increase public-private partnerships. This is great idea because, it shows that we all are needed to keep the economy flowing in the right direction.

Equilibrium of Supply and Demand is desirable . Supply and demand equilibrium is favorable when both are working together. Equilibrium is the point when something trying to recover. There are times when companies can …show more content…
Externalities affect parties who did not choose to participate in the original transaction. There can be both positive and negative externalities. What first comes to mind as a negative externality is pollution and damage to the environment from say a production plant, dangerous chemicals getting into the water or air. The people who live around the plant or factory have to drink the water or breathe the air that is now polluted. This can lead to expensive to treat and medically severe illnesses and even death. The movie Erin Brockovich is a prime example of …show more content…
Automatic Payroll withholding is a very efficient method to collect taxes because employees don’t even see this money, it is taken out of their checks before they even get paid. This is an example of tax efficiency. Tax equity refers to how fair the tax system is. However, like should rich people be required to pay more because they have more money. Or should rich people pay less because they may be the entrepreneurs that keep the economy going. Flat taxes are believed to charge everyone the same percentage, regardless of rich or poor. The benefits principle states that people should pay taxes based on the benefits they receive from the government services. So excise taxes only tax the usage of a particular commodity, say gas. You only pay gas taxes if you drive a car. This is also why Florida has really low taxes and really bad schools. Most of the people who live in Florida are retired. They don’t have families and they do not want to pay for schools in their property taxes. So as a result, if you have a family and live in Florida, your kids go to crappy schools because the state will not fund