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,
To learn more about externalities please click on the link brainly.com/question/16968584
#SPJ1
Extended to South American, Africa, Mediterranean, India, and China; furs, tea, and silk.
Answer:
`
The fourteenth point proposed what was to become the League of Nations to guarantee the “political independence and territorial integrity [of] great and small states alike.” Though Wilson's idealism pervades the Fourteen Points, he also had more practical objectives in mind.
Explanation:
Answer:
see below
Explanation:
1. mosaic code
2. leviathan - hobbes
3. the republic - plato
4. two treatises - locke
5. city of god - Augustine
6. the prince - Machiavelli
7. political science
8. fideism
9. rationalism
Greek civilization was affected by their geography because Greece was essentially a bunch of mountainous islands in the Mediterranean Sea . This caused Greece to develop into different city-states each having differences often resulting in waring . Example Sparta and Athens.
