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:
D. bullwhip effect.
Explanation:
Its a Phenomena that explains how small fluctuations in demand at retail level can cause larger fluctuations in demand at the whole sale
Answer:
Because when they were passing goods from India to Egypt the prices were raised. Ghengis khan and his mongol armies rose to power at the end of the twelfth century, at the moment wgen few opposinf rulers could put up much resistance to them. The vast mongol empire he created stretched from China to Europe, across which the silks routes functioned as efficient lines of communication as well as trade.
Explanation:
Answer:
The answer of the surplus means extra
