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Aniya Bass
Business
24 May, 13:12
Which statement defines externality?
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Sidney Rivas
24 May, 13:33
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It would be the impact of production and consumption on unrelated third parties that best defines the term externality. It is a consequence of an economic activity experienced by unrelated third parties; it can be either positive or negative.
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Moshe Pierce
24 May, 13:42
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a side effect or consequence of an industrial or commercial activity that affects other parties without this being reflected in the cost of the goods or services involved, such as the pollination of surrounding crops by bees kept for honey.
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