Theme 1.3.2 Externalities (unit 17) Flashcards
1
Q
What are externalities/ spillover effects?
A
It is the difference between social costs and benefits and the private costs and benefits.
Economics Theme 1 > Theme 1.3.2 Externalities (unit 17) > Flashcards
What are externalities/ spillover effects?
It is the difference between social costs and benefits and the private costs and benefits.