Ask Question
28 September, 09:56

In 1 or 2 sentences, define an externality and explain how the government makes companies take responsibility for

negative externalities.

+1
Answers (1)
  1. 28 September, 12:23
    0
    Externality is an effect of an industrial or commercial doings 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. The government can respond to externalities through command-and-control policies or market-based policies.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In 1 or 2 sentences, define an externality and explain how the government makes companies take responsibility for negative externalities. ...” in 📘 English 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