Social Sciences, asked by loyedfrancis, 5 months ago

What are you satisfied of the pollution cost by industries​

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Answered by Anonymous
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Answer:

Economic production can cause environmental damage. This tradeoff arises for all countries, whether high-income or low-income, and whether their economies are market-oriented or command-oriented.

An externality, sometimes called a spillover, occurs when an exchange between a buyer and seller has an impact on a third party who is not part of the exchange. Externalities can be positive or negative.

Market failure is when the market does not allocate resources on its own efficiently in a way that balances social costs and benefits; externalities are one example of a market failure.

Social costs are costs that include both the private costs incurred by firms and also additional external costs incurred by third parties outside the production process.

Answered by llAmyll
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Answer:

Suppose you want to put a dollar value on the external costs of carbon emissions from a power plant. What information or data would you ...

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