Externalities - An externality is such type of outcome which is not directly incureed by the producer but its consequences are incurred by society as a whole. The externalities can be negative as well as positive.
Negative externality- A externality that has a negative and harmful effect on society, as well as firms, are called negative externalities.
- For eg., A firm polluting the environment to save the cost of production will have negative consequences on society as a whole.
Positive externality - An outcome of the decisions and execution of a company that has led to positive consequences for both company and the society.
- For eg., the perfect example of positive externalities is the research and development work of any company. The research and development benefits not only the company to enhance its efficiency but it also benefits society by gaining the knowledge from the research, employment from work, etc,
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I think it’s c but I could be wrong
Answer:
It increased national unity by reducing sectional differences. It boosted the speed of cross-country mail delivery.
Explanation:
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<span>The land available to the village in india was restricted by other vilages</span>
Those that describe the effects of scarcity are:
- B<span>usinesses can only make a limited number of goods and services.
- </span><span>Not everyone's needs are met.
- Using scarce resources today means having fewer tomorrow.
Having scarcer materials does not mean that people have limited wants, but that people get less of what they want. </span>
