Explore BrainMass
Share

Conventional Market-Based Policies vs. Sustainability

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

Define the concept of externalities. What recent or current events have illustrated this concept?

© BrainMass Inc. brainmass.com December 20, 2018, 11:56 am ad1c9bdddf
https://brainmass.com/health-sciences/ethical-issues/conventional-market-based-policies-vs-sustainability-580307

Solution Preview

Conventional Market-Based Policies vs. Sustainability

A.C. Pigou was one of the pioneers in the concept of externalities (Hurwicz, 1999), a term used to explain the relationship between two primary parties who make or exchange products and an ...

Solution Summary

An explanation of externality, with an examples of positive and negative externalities.

$2.19