Explain the Concept of Externality and Give an Example

question 1

Essay

Explain the concept of externality and give an example.

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Definitions:

Economically Important

Referring to plants, animals, or minerals that have considerable value or significance to human economies.

Cycads

Ancient seed plants with a large crown of compound leaves and a stout trunk, often mistaken for palms or tree ferns.

Ginkgo

A member of an ancient gymnosperm group that consists of a single living representative (Ginkgo biloba), a hardy, deciduous tree with broad, fan-shaped leaves and naked, fleshy seeds (on female trees)

Nonmotile Sperm

Sperm cells that lack the ability to move or swim, which can affect fertilization capabilities.