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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The correct answer is - c. exportation of tobacco.
The Southern colonies got very wealthy because of the production and exportation of tobacco. These colonies were situated on a place where the tobacco was flourishing and they used it to the maximum. The tobacco itself became very popular in Europe after it was introduced, and the demand for it was enormous, which gave the Southern colonies reliable and sure market with high demand that made them a lot of profit.
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The Constitution established a Federal democratic republic. It is the system of the Federal Government; it is democratic because the people govern themselves; and it is a republic because the Government's power is derived from its people.
The answer:
The Normans are an ethnic group that arose from contact between Norse Viking settlers of a region in France
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From Wikipedia, the free encyclopedia. In cricket, a no-ball is an illegal delivery to a batsman. It is also the Extra run awarded to the batting team as a consequence. For most cricket games, especially amateur the definition of all forms of no-ball is from the MCC Laws of Cricket.
