answersLogoWhite

0


Best Answer

an indirect cost, not seen on final price tag of costs and benefits. ex; resulting air pollution or water pollution

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are the main characteristics of externalities?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is government's role in controlling externalities in the American economy?

Government tries to encourage positive externalities and limit negative externalities..


What is government role in controlling externalities in the American economy?

Government tries to encourage positive externalities and limit negative externalities..


What are the four main limitations of GDP accuracy?

nonmarket activities, underground economy, negative externalities, and quality of life


Why does alcohol have negative externalities?

Alcohol has negative externalities because it has the capacity to cause health problems


What statement about externalities is false?

Only the private sector can create both positive and negative externalities.


Negative externalities result in a welfare loss but positive externalities result in a welfare gain?

you bet


What are the main characteristics of hardwood tree seeds?

What are the main characteristics of a tree


What is internalising externalities?

Externalities can be internalised by bringing the cost home to the producer or consumer so that they have to pay for clean-up.


What is the economic term for the indirect effects of markets that are not corrected within the markets?

Externalities. A more proper definition for an externality is a transaction between two economic agents which affects a third, non-participating agent. Whether or not externalities are corrected for in a market is a matter of debate in economic theory.


What is one of the main characteristics of a solid?

Finite volume, and a finite shape are the main characteristics.


How do property rights affect externalities and market failure?

Externalities and market failure will result from the difficulty of enforcing property rights.


What is governments role in controlling externalizes in the American economy?

Government tries to encourage positive externalities and limit negative externalities..