RE: Externalities Explained (Video)
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Thanks for explaining negative externalities , truth is negative externalities is experienced in our modern world I look at your methods in order to forestall reduction and I'm asking what if by not even consuming a product but one suffers the consequences like the Hazard that comes with it what if the people that directly cause the negative externalities decides to pay damages, can we directly says it might bring a stop to it?
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A big problem with negative externalities is that it is difficult to hold people fully accountable. Take pollution for example. It can spread very far and affect so many. It can take years to fully assess the damage.
People need to take action themselves by choosing to support products that don't pollute the planet. This can be achieved through greater awareness and education. The Government can also help by subsidising these so that they can become more competitive.
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Wow, thanks a million I was exactly guessing so too, quality contribution really. This is amazing.