Tag: externalities
What is a negative externality? Appreciate the importance of knowing and understanding externality, an environmental economics concept, by reading this article. In environmental economics, one of the interesting and …
Should urbanization and development be always greeted with open arms? Here’s a personal account of the externalities of urban development. Early this morning as I try to enjoy the …
The resolution of unfair distribution of wealth entail cost. This is referred to as transaction cost. This article clarifies this concept in view of understanding how one’s actions can …
Bribery can lead to environmental degradation. What are the evidences? Are there solutions to this age-old corrupt practice? This article explores these issues. The recent spate of corruption highlighting …
Many people view oil spills as grossly disadvantageous to everyone. In reality, there are benefits gained by some sectors from disasters like this. Read and find out how could …