Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
3 Cards in this Set
- Front
- Back
|
Negative externality |
Imposes external cost on other people and organizations that did not agree to the actions that caused it |
|
|
External cost |
Is it costs incurred by another party but not by those responsible for the harmful activity |
|
|
Positive externality |
Positive externality therefore produces external benefits for other people and organizations that were not involved in the decision or action that created it |
