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Negative Externalities and the Environment

"Negative externalities" are situations in which the buying and selling of goods creates consequences—like pollution—felt by third parties who are not part of the original transaction. Regulation can be inflexible and costly. Economists have instead proposed market-oriented policies.

English
  • Network The Great Courses
  • Created June 1, 2024 by
    imhotep79
  • Modified June 3, 2024 by
    Estefania Baleiron TVDB