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What Is the Consequence of a Positive Externality in a Market

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What is the consequence of a positive externality in a market? What is the consequence of a negative externality? Why those consequences occur?


Definitions:

Recruitment

The process of identifying, attracting, interviewing, selecting, and hiring employees.

Job Applicants

Individuals who apply or show interest in vacant positions within an organization.

Qualified Pool

A group of individuals who meet the specific qualifications or criteria for a particular role, job, or opportunity, often pre-screened for suitability.

Job Analysis

The process of gathering, documenting, and analyzing information about job responsibilities, tasks, necessary skills, outcomes, and work environment to determine job specifications.

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