Microeconomics PPT.pptx - NEGATIVE EXTERNALITIES Nischala Khadka BUS 310 Concepts of Microeconomics Presidential Business School Mr Dilar Nepal

Microeconomics PPT.pptx - NEGATIVE EXTERNALITIES Nischala...

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NEGATIVE EXTERNALITIES Nischala Khadka BUS 310 Concepts of Microeconomics Presidential Business School Mr. Dilar Nepal
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Externality Cost or benefit experienced by the third party indirectly who is not involved in the production of goods or services. Two types; 1. Positive 2. Negative
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Negative Externality Cost that is suffered by a third party as a result of an economic transaction. Referred as external cost. Smoking in public, vehicles noise, air pollution and so on.
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Negative Externality in Production- Market Failure Negative externality causes; social cost > private cost.
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  • Fall '15
  • Pollution, Market failure, Externality, Presidential Business School, Production- Market Failure, Nischala Khadka

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