What Is an Externality? How Do Positive and Negative Externalities

question 195

Essay

What is an externality? How do positive and negative externalities differ in their effects? How can government action correct positive and negative externalities?

---

Definitions:

Query Wizard

A tool in database software that guides users through the process of creating a database query without requiring manual SQL coding.

Ribbon

In computing, the Ribbon is an interface feature where a set of toolbars are placed on tabs in a tab bar, commonly used in Microsoft Office products for easy access to functions.

Create

The action of bringing something into existence, such as a document, file, or database.

Field Names

Field names are the titles or headings given to columns or elements in a database or spreadsheet, indicating the type of data they contain.