Externality is the economic side effect of a good or service that generates benefits or costs to someone other than the person deciding how much to consume/produce.
There will be some start up costs to get this going but eventually the community will be saving money. It allows the people receiving money to create their product or provide their service for more people to consume, creating profit.
We decide to buy one more of something, not all of a good or service.
They are limited by a budget constraint.
economic
service industry
consume.
Anything people consume beyond what is necessary for survival? The answer is [Want]
Yes. People consume food. You could also say that cars consume gas. Fire consumes oxygen. Consume is a versatile word.
as an addiction
people produce food and people consume it to
it is the like of something
no most salt people consume is added prior to cooking during the preperation phase of the food
Not typically, but most people will accidentally consume some.
Yes, Pepsi Cola is safe to consume. Millions of people worldwide drink it daily.
1440 Watts
Externality is the economic side effect of a good or service that generates benefits or costs to someone other than the person deciding how much to consume/produce.