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Is It Possible to Have a Positive Externality Associated with the Production

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Essay

Is it possible to have a positive externality associated with the production and supply of a good rather than with demand and consumption? Why or why not?


Definitions:

Regulatory Approval

The official permission granted by governing bodies for a product or service to be legally sold or distributed.

Pharmaceutical Company

A company involved in the research, development, production, and marketing of drugs or pharmaceuticals.

Sales

The activities involved in selling goods or services in return for money or other compensation.

Decline

A decrease in size, number, value, or strength.

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