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.
Answer:
Employment plays an important role in economic development by creating jobs and incomes which enable people to lift themselves out of poverty.
Explanation:
Employment plays an important role in economic development by creating jobs and incomes which enable people to lift themselves out of poverty. Increased in earnings of employee also leads to increase in rate of consumer spending which in turn benefits other businesses. This leads to development of economy.
Answer:
Listen to determines of a point needs to have spiritual intervention and spiritual issues are frequently framed in language of religion and is based on the understanding of the spiritual needs.
Explanation:
- Listing is a set of activities that determines the spiritual goals and spatial interventionist and is frequently found in the languages of the religion and is understood in the spiritual needs of the person.
No one would be able to stop moving, and the ball wouldn't stop moving.
The correct answer to this open question is the following.
Justice is the act to give people what it is appropriate, according to their necessities, work, perseverance, and commitment. Justice must maintain a fair opportunity for people getting what they want and deserve, always under legal circumstances.
The role Justice plays in determining what ought to be done about global poverty is that it has to promote a fair playing field for countries to trade under even circumstances, never granting advantages to the rich countries over the poor ones. Justice will allow fair trade and work opportunities when competing in open markets, so poor countries could have a real chance of benefiting from commerce and foreign investment.
Rich countries should not exploit poor countries, and they have to allow the proper scenario so people can have their basic needs covered.
