Give an Example of an Action That Has an External

question 66

Essay

Give an example of an action that has an external cost.Explain why markets don't provide the optimal quantity of goods that have external costs.

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Definitions:

HRM Strategies

Plans and approaches developed by an organization's human resource department to achieve its personnel and organizational goals.

Employee Behaviour

The actions and conduct of individuals within an organization, encompassing their work performance and interactions with others.

Strategic Role

The part played by individuals, groups, or entities in achieving long-term goals or fulfilling a purpose within an organizational or theoretical framework.

Human Resource Professionals

Individuals specializing in managing and developing an organization's workforce, including recruitment, training, performance management, and employee relations.