What Are Externalities,and How Do They Affect Who Pays the True

question 103

Essay

What are externalities,and how do they affect who pays the true cost of a polluting factory?

---

Definitions:

Decision-Making Principles

Guidelines or criteria used to make choices among alternatives.

Determination of Parties

The process of identifying the entities or individuals involved in an agreement, conflict, or legal case.

Ethical Intensity

The magnitude of ethical concern perceived in a situation, influenced by factors like potential harm, social pressure, and probability of effect.

Vary Directly

A relationship where an increase in one variable corresponds with an increase in another variable.