lectur6-page45

lectur6-page45 - enforce those laws. The courts also hear...

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45 45 The Limited Role of Government u Reconcile Negative Externalities through Legislative Action or Civil Process to Settle Disputes Judicially Under pure capitalism, another role of government is to provide a system to reconcile negative externalities. Our government has two systems, the legislative branch and the judicial branch. Legislators pass laws and the courts
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Unformatted text preview: enforce those laws. The courts also hear civil disputes that very often deal directly with negative externalities. At the conclusion of a civil process, compensation is often awarded to the prevailing party in the action. Folks, we are talking about law suits here. The act of suing each other for some wrongful act....
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