Difference between revisions of "Negative externalities"
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| − | Negative | + | '''Negative externalities''' are costs imposed by activities on persons other than buyers. For example, a factory with a smokestack can have the negative externalities of pollution. People who do not buy output from that factory must unfairly bear the cost of the pollution. |
| − | Another term for negative externalities is "external diseconomies." | + | Another term for negative [[externalities]] is "external diseconomies." |
[[category:economics]] | [[category:economics]] | ||
Revision as of 04:57, October 19, 2007
Negative externalities are costs imposed by activities on persons other than buyers. For example, a factory with a smokestack can have the negative externalities of pollution. People who do not buy output from that factory must unfairly bear the cost of the pollution.
Another term for negative externalities is "external diseconomies."