Explain the Difference Between Marginal Social Benefit and Marginal External

question 269

Essay

Explain the difference between marginal social benefit and marginal external benefit.

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Definitions:

Democracy

A system of government in which power is vested in the people, who rule either directly or through freely elected representatives.

Anti-democratic Regimes

Anti-democratic regimes are governments that oppose the principles of democracy, often through authoritarian, totalitarian, or dictatorial control, limiting political freedom and participation.

Poverty Reduction

Is the process of decreasing the number of people who live on less than the internationally agreed poverty line.

Opinion Poll

A survey designed to gauge public opinion on various topics or preferences, often used in politics, marketing, and social research.