Answer:
b. the marginal social benefit to exceed the marginal private cost of the last unit produced.
Explanation:
<u>Positive Externality-</u>
Positive Externality occurs when production or the consumption or of the good causes benefit to the third party.
For example, when the individual consume education in order to be uplifted and get a benefit but this education also benefits the society by uplifting the whole society.
<u>Positive externality causes the marginal social benefit to be greater than the marginal private benefit.</u>
Answer:
Courses in this topic, such as Career Professionalism, Writing an Effective Email, and Enhancing Work Relationships, will enable you to develop and improve your skills.
Explanation:
Democracy means the government made for the people, by the people and of the people. To make the democracy successful, rulers and ruled should be responsible about their code of conducts.
To institutionalize the democracy, people have to make a right choice about selecting their leader. They must have the knowledge about all the leaders and government policies. The people have to be aware about the responsibility and right that comes on them in democracy.
The ruler selected by the public should know the necessary policies for the welfare of the economy and the public. He must be fair in his conduct and work for the betterment.
