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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Answer:
The Code of Hammurabi is often cited as the oldest written laws on record, but they were predated by at least two other ancient codes of conduct from the Middle East. The earliest, created by the Sumerian ruler Ur-Nam-mu of the city of Ur, dates all the way back to the 21st century B.C., and evidence also shows that the Sumerian Code of Li-pit-Ishtar of Isis was drawn up nearly two centuries before Hammurabi came to power. These earlier codes both bear a striking resemblance to Hammurabi’s commands in their style and content, suggesting they may have influenced one another or perhaps even derived from a similar source.
Explanation:
Answer:
The pursuit of new land, trade, and religious freedom.
Explanation:
England was looking at the settlement of colonies as a way of fulfilling its desire to sell more goods and resources to other countries than it bought. At the same time, colonies could be markets for England's manufactured goods. England knew that establishing colonies was an expensive and risky business.
I would say A.South America
A lot of people were enslaved there
Dollar Diplomacy of the United States—particularly during President William Howard Taft's term— was a form against American foreign policy to further its aims in Latin America and East Asia through use of its economic power by guaranteeing loans made to foreign countries. Historian Thomas A. Bailey argues that Dollar Diplomacy was nothing new, as the use of diplomacy to promote commercial interest dates from the early years of the Republic. However, under Taft, the State Department was more active than ever in encouraging and supporting American bankers and industrialists in securing new opportunities abroad. Bailey finds that Dollar Diplomacy was designed to make both people in foreign lands and the American investors prosper.[1] The term was originally coined by previous President Theodore Roosevelt, who did not want to intervene between Taft and Taft's secretary of state.
The concept is relevant to both Liberia, where American loans were given in 1913, and Latin America. Latin Americans tend to use the term "Dollar Diplomacy" disparagingly to show their disapproval of the role that the U.S. government and U.S. corporations have played in using economic, diplomatic and military power to open up foreign markets.
