Explain the Difference Between a Negative Production Externality and a Negative

question 296

Essay

Explain the difference between a negative production externality and a negative consumption externality.

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Definitions:

Service Continuum

The range of offerings companies bring to the market, from the tangible to the intangible or the product-dominant to the service-dominant.

Tangible

Something that can be perceived by touch; having physical form or substance.

Intangible

Something that cannot be touched or physically measured, often relating to non-physical assets or values.

Inventory Carrying Costs

Expenses related to holding or storing inventory, including warehousing, insurance, depreciation, and opportunity costs.