1. Petrol (or gas as called in the US) is used to fuel cars, it has many benefits on a small scale from transporting people, to large scale transportation of goods and products and promoting trade. The primary effect of petrol use is energy, that is used to move vehicles, etc. However, when petrol is used, there are various externalities (which are effects that were not the primary intention of use of the product) , one of which is carbon dioxide. This is an unintended effect of petrol use (externalities) and carbon dioxide has negative effects, therefore it is a negative externality.
negative x positive = negative negative x negative = positive negative x negative x negative = negative negative x negative x negative x negative = positive .....
Positive + Negative = Negative Negative + Negative = Positive Positive + Positive = Positive Negative + Positive = Negative
yes because a negative X a negative is a positive, thus a positive/a negative=a negative
No, a negative multiplied by a negative is a positive, as is of course a positive multiplied by a positive. Only when a negative is multiplied by a positive is the answer negative.
Government tries to encourage positive externalities and limit negative externalities..
Government tries to encourage positive externalities and limit negative externalities..
a positive outcome, and a negative outcome
you bet
Only the private sector can create both positive and negative externalities.
Externalities can have both positive and negative impacts on communities. Positive externalities can lead to benefits like cleaner air from a neighbor planting trees. Negative externalities can cause harm, such as pollution from a nearby factory affecting community health. It's important for communities to consider how externalities can shape their well-being and work towards policies that mitigate negative impacts.
when there has been a market failure
Negative externalities lead markets to produce a larger quantiy than is socially desirable. Positive externatlities lead markets to porduce a smaller quantity than is social desirable. To remedy the problem, the government can internalize the externality by taxing goods that have negative externalities and susidizing good that have positive externalities.
Government tries to encourage positive externalities and limit negative externalities..
Government tries to encourage positive externalities and limit negative externalities..
In economics, there are positive an negative externalities. Positive externalities are like positive side effects on the community after an economic decision like: congress puts more funds into schooling, students learn more, they graduate, and then they DON'T mess up the economy. See? Better for everyone. Oh yeah, and the opposite for Negative Externalities.
Spillover costs are referred to as negative externalities because they are costs imposed on third parties who are not involved in the initial transaction or activity. These costs are negative because they result in harm or detriment to individuals or society that is not reflected in the market price.