Ask Question
7 June, 18:21

Which statement defines externality?

+2
Answers (2)
  1. 7 June, 20:25
    0
    a side effect or consequence of an industrial or commercial activity that affects other parties without this being reflected in the cost of the goods or services involved, such as the pollination of surrounding crops by bees kept for honey.
  2. 7 June, 20:46
    0
    It would be the impact of production and consumption on unrelated third parties that best defines the term externality. It is a consequence of an economic activity experienced by unrelated third parties; it can be either positive or negative.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which statement defines externality? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers