How did it affect you (or your acquaintance or family member?) Explain. Did you (or your acquaintance or family member) experience increased or decreased health or quality of life? Explain.
Externalities are costs or benefits that are caused by producing or consuming a good but that are not included in the market price for the good. They are simply the unintended side effects of market activities. Externalities can be positive or negative. One example of a positive externality might be when beekeepers provide a means […]