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4 years ago
What is an externality? How are positive externalities different from negative externalities?
Textbook 

Economic Analysis of Social Issues

Edition: 1st
Author:
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3 years ago
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 An externality is a by-product of an activity that hurts or helps someone who is not involved in that activity. A negative externality imposes a burden or cost on others. A positive externality confers benefits on others.
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wrote...
3 years ago
Straight to the point! Appreciate your time and your help.
wrote...
3 years ago
Cool! Good luck with your exams.
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