Use app×
Ask a Question
QUIZARD
QUIZARD
JEE MAIN 2026 Crash Course
NEET 2026 Crash Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE

Define externalities. Give an example of negative externality. What is its impact on welfare ?

← Prev Question Next Question →
0 votes
155 views
in Economics by (73.4k points)
closed by
Define externalities. Give an example of negative externality. What is its impact on welfare ?
Challenge Your Friends with Exciting Quiz Games – Click to Play Now!

1 Answer

0 votes
by (83.3k points)
selected by
 
Best answer
Externalities refer to the benefits (or harms) a firm or an individual causes to another for which it is not paid (or penalised)
Example : Polluting river by an oil refinery.
Impact: Reduces welfare through negative effect on health.
← Prev Question Next Question →

Find MCQs & Mock Test

  1. JEE Main 2026 Test Series
  2. NEET Test Series
  3. Class 12 Chapterwise MCQ Test
  4. Class 11 Chapterwise Practice Test
  5. Class 10 Chapterwise MCQ Test
  6. Class 9 Chapterwise MCQ Test
  7. Class 8 Chapterwise MCQ Test
  8. Class 7 Chapterwise MCQ Test

Related questions

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

User Contribution to Sarthaks eConnect
Managed by Sarthaks Digitizing India
...