What is meant by negative and positive externalities

Assignment Help Microeconomics

Reference no: EM13825835

Problem-

Using examples explain what is meant by:

i. negative externalities

ii. positive externalities

Additional Information-

The problem is about externalities in economies. The problem explains about externalities and explains about negative externalities and positive externalities. Externalities are those which do not affect producers monetarily but can have greater impact on the standard of living and society.

Word limits- 250

Reference no: EM13825835

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