Explain Why a Producer Who Is Causing External Costs Does

question 134

Essay

Explain why a producer who is causing external costs does not have the incentive to reduce these costs.

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Definitions:

New Social Movements

Collective actions that emerged from the 1960s onwards, focusing on issues such as environmentalism, human rights, and social equality, characterized by non-traditional forms of political participation.

American Government

The federal government of the United States, comprising three branches: executive, legislative, and judicial, established to govern the country as outlined in the U.S. Constitution.

Surveillance

The systematic observation or monitoring of individuals, places, or activities for the purpose of information gathering, influencing, managing or directing.

Breakdown Theory

A sociological theory that explains social breakdowns and dysfunction as the result of large-scale societal stress and strain.