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 answer to your problem must be False
Answer:
the 13th amendment abolished slavery
Explanation:
this is bad but oh well
Both dates occurred after two world wars, the 1920s preceded the World War 1 while the 1950s preceded World War 2.
The mass media similarity between these two is that it focused more on entertainment and advertisements. Because the war ceased already, films and entertainment shows flourished greatly.
