From CNN what news article represents an issue ragards to Externalities or that can be realted to externalities? Cite at least one source (News Article, Video, etc.) for any data. Explain: What is the Economic issue? (Describe the issue) What is the connection to Externalities? (positive, negative, policy) (Use Math, Graph or data to explain or support your idea) Explain how this affects the Economy (individual, industry, national or global)
From CNN what news article represents an issue ragards to Externalities or that can be realted to externalities? Cite at least one source (News Article, Video, etc.) for any data.
Explain:
What is the Economic issue? (Describe the issue)
What is the connection to Externalities? (positive, negative, policy) (Use Math, Graph or data to explain or support your idea)
Explain how this affects the Economy (individual, industry, national or global)
Externality is defined as a cost or benefit resulted from an economic activity caused to the third party (unrelated to the economic transaction). It arises when markets perform inefficiently or there is inefficient allocation of resources in the economy. Externalities are classified into two types:
- Positive externality
- Negative externality
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