Hi I am Tyler and i’m in Sal’s Pd 3. Negative externalities impose a cost on the third parties in a transaction so therefore are negative to them. Positive externalities however, are beneficial to their third parties. Positive externalities benefit the third parties by creating something that is helpful. The government intervenes to regulate externalities because if they do not try and regulate them then the benefits of a policy would begin to outweigh its costs and if that were to happen then the externalities would be very unbalanced and it would not help anything. With that being said if only one party is helped out then only one party would benefit from it which would cause it to be bad. The government mainly intervenes to keep the externalities at a necessary balance that will equally help both sides.
Month: March 2011
Externalities
Hi my name is Stewart S. and I am in Mr. Sal’s Econ/Pod class Period 3. I will be answering a question about positive and negative extranalities and why the government regulates them. Industry can be split into two types of groups; negative extranalities and positive extranalities. Negative Extranalities are products that harm people or the enviroment. So the government would step in to try and regulate these negative extranalities since they harm the people who buy it and all the people in that products enviroment. The second group is whats called positive extranalities and these are products that help benefit people in some way, shape, or form. The government would regulate this so that more of these positive extranalites can be produced for people to have or uses.
Externalities: Brady Anderson
Brady A.
Negative Externalities are By-products of production or consumption that impose costs on third parties. Positive Externalizes are products of consumption or production that benefit the third parties. The government intervenes because if they didn’t the people would be out of control with either what they buy or sell.
Externalities – OLIVIA ROWAN P.3!
Positive exteranlities are by-products of consumption or production that benefit third parties, who are not buyer or seller. Whereas, negative externalities are by-products of production or consumption that impose costs of third parties, neither buyers nor sellers.
The government intervenes, because they need to be able to regulate things. If the government did not step in and put an order to things, the people would buy and sell as they pleased, and that could start issues for the economy.
externalities
Sarah M
Mr Sal
Period 4
What are negative and postive externalties, and why does goverment intervine and regulate them .
negative externalties-by products of production or consumptiton thatt impose cost on third parties.
positive-Those who are neither buyers nor seller in the transaction.(9tthird party)
They intervene on products that are harmful (like aerosol can and out-law them)and regulate the cost of stuff.
Externalities
Hello, I am Josh B from Mr. Sal’s period 3 ECON class and today’s topic is externalities. There are many different externalities in buisiness and industry, but they can all be split into two groups; negative externalities and positive externalities. Negative externalities can be many things, but generally they are things that harm people or the environment. Government steps in to regulate these negative externalities because if not the factories will ignore the pollution they are causing and the open resources like water and sun power are deteriorated. They also regulate for future items, like saying that the cars cannot emit a certain amount of carbon. Positive externalities are things that are caused by products or industries that help the people or environment. The government in this case try to increase the production of the positive externalities to help the people and environment that were previously harmed by negative externalities.
Positive and Negative Externalities
What is an externality? An externality is a benefit given to the people with or without a cost. Why does the goverment regulate certain externalities? The government does this to help prevent health issues, global issues, and decrease the chance of spending money to fix these issues. An example of how this holds true with positive externalities is the example of the flu shot. The flu shot is usually covered by all insurances and is usually free to the patient but if people ignore this benefit they are more likely to get and spread the flu causing health probllems throughout the area. An example of why the government regulates negative externalities is because if a negative externality suffers damage its more costly to the government. An example is the nuclear power plant in Shippingport, PA. If something were to ever happen to the power plant it would cause the government massive ammounts of money on controlling the radiation, curing the people exposed, fixing the plant and its sources, and lastly sorting out the person(s) responsible. So for these reasons the government regulates certain externalities to prevent health issues, global issues, and decrease the chance of spending money to fix these issues.
Externalities
An Externality is a benfit incurred by a group that diddn’t agree to the action that made that benefit. Externalities can be bad to gerneral economy, because they allow production of a product that may not have been entirly wanted. An example could be burning coal for fuel. While the burnt coal will allow a machine to run, the externatlity, smoke, could cause medical problems to a work force mantaining the machine. While not all externalities are as unsatisfying, it is important to reconize any changes that could cause them in the market.