Explain the Impact of External Costs and External Benefits on the Production

question 24

Essay

Explain the impact of external costs and external benefits on the production of public verses private goods.

---

Definitions:

Restricted Securities

Stocks, bonds, or other securities that are not freely tradable on the open market due to regulatory restrictions or the holding period requirements.

Registration

The process of recording information, often for purposes like ownership proof, legal compliance, or official recognition.

Directorships

Positions or titles held by members of a board of directors responsible for overseeing the management and strategic direction of an organization.

Compensation

Payment or benefit given to someone, such as an employee or a victim, in exchange for their services or as reparation for harm.