Check point externalitizes Taylor pd3 final

Positive Externalities are by products of production that benefits third parties neither buyers nor sellers. Negative Externalities are by products of consumption or production that benefits third parties, who are not buyers or sellers. The government intervenes because they need to keep everything regulated and organized. If they did not intervene then many people would buy or sell product, how every many and when ever they felt like it. The economy would be changed and wouldn’t be organized.

Leave a Reply

Your email address will not be published. Required fields are marked *