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.