<span>The rising price of gold causes people to buy silver jewelry instead.
substitution effect
</span><span>When the price of chicken increases, families reduce their chicken intake substantially.
income effect
</span><span>A new factory in a village provides livelihoods for the villagers.
positive externiality
</span><span>A new factory in a village causes noise pollution.
negative externiality
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Allowing arms to be transported to China on British ships
Religious sectors have reached communities where they provide help and other programs which alleviate the conditions of the poor in rural and struck areas of calamity.We appreciate your questions. Please, never hesitate to ask more in Brainly your queries.
Answer:
while development activity there is a threat to industry because when there is development there is chance of establishing other industries which directly affects other industries
Sorry for any mistakes
Answer: Externalities are side effects (good or bad) that occur when a person or a company performs an activity and does not assume all the costs of it, or all the benefits that could be reported. In this way we can distinguish:
Negative externality: Arises when not all the costs of a negative effects are assumed. In these cases, a social cost is generated, since it is the whole society that suffers the consequences of its actions. And the market price does not collect this cost.
Positive externality: Arises from a positive effect that is not reported as a benefit. An example of positive externality that we can mention is scientific research, from which society in general benefits. In these cases, market place do not reflect the real benefits.
