Negative externality: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Classify page.) |
imported>Doug Williamson (Classify page.) |
(No difference)
|
Latest revision as of 19:00, 5 January 2021
A negative externality is a cost or other disadvantage suffered by a participant in the economy, caused by the actions or failures of another, with which it had no contractual relationship.
Examples include various kinds of environmental pollution.