An Externality Is an Example of a Market Failure

question 227

True/False

An externality is an example of a market failure.

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Definitions:

Portfolio Worker

An individual who has multiple careers or jobs simultaneously, often in varied fields, rather than working for a single employer.

Skills

are the capabilities and expertise that individuals acquire through practice, training, or experience, enabling them to perform certain tasks.

Charles Handy

An Irish author and philosopher specializing in organizational behavior and management who is known for his theories on the changing shape of work and organizations.

Traditional Career Path

A linear progression in one's professional life, typically involving successive roles within the same field or industry.