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Explain the impact Italy had on the work of Dürer. Include in your essay the assimilations as well as the changes, if any, Dürer made. Use examples to support your essay.
Positive Externality
A benefit gained by a third party not directly involved in a transaction or activity, where the social or economic gain is not reflected in the market price.
Social Planner
A theoretical decision-maker in economics who aims to achieve optimal outcomes for society by considering the allocation of resources and distribution of goods and services.
Subsidy
A payment made by the government to a firm, industry, or individual, usually to encourage the production of a certain good or service or to reduce its price for consumers.
Output
The quantity of goods or services produced in a given time period, by a firm, industry, or country.
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