The eight-day Jewish celebration known as Hanukkah or Chanukah commemorates the rededication during the second century B.C. of the Second Temple in Jerusalem, where according to legend Jews had risen up against their Greek-Syrian oppressors in the Maccabean Revolt.
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Two examples of how changes to the railroad system helped American Industries to grow is first the expansion West.
When the railroad was made, it made the Western Coast much more important, as both sides were linked with a reliable way of transportation. As a result of this, Industries from both coasts benefited as you could manufacture some parts in California and bring it to Georgia to make a product.
Another example of how the change benefited industries is how it made commerce avaliable large scale. The benefits of this also helped both coasts of the USA.
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What do pollution, education, and your neighbor's dog have in common?
No, that's not a trick question. All three are actually examples of economic transactions that include externalities.
When markets are functioning well, all the costs and benefits of a transaction for a good or service are absorbed by the buyer and seller. For example, when you buy a doughnut at the store, it's reasonable to assume all the costs and benefits of the transaction are contained between the seller and you, the buyer. However, sometimes, costs or benefits may spill over to a third party not directly involved in the transaction. These spillover costs and benefits are called externalities. A negative externality occurs when a cost spills over. A positive externality occurs when a benefit spills over. So, externalities occur when some of the costs or benefits of a transaction fall on someone other than the producer or the consumer.
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