How do the negative externalities affect the welfare of the people ? E

1.	How do the negative externalities affect the welfare of the people ? Explain by taking an example.
Answer» Negative externalities are the ones which lead to harms to the social welfare in the process of production. Negative externalities include the following : 1. Traffic jams. 2. Pollution from the factories. 3. Pollution from automobiles. Smoke out of chimneys of factories affects the health of the people by causing various diseases like asthama. As a result people will not be able to work with full zeal and enjoy the consumption of goods and

How do the negative externalities affect the welfare of the people ? Explain by taking an example.

Answer»

Negative externalities are the ones which lead to harms to the social welfare in the process of production.

Negative externalities include the following :

1. Traffic jams.

2. Pollution from the factories.

3. Pollution from automobiles.

Smoke out of chimneys of factories affects the health of the people by causing various diseases like asthama. As a result people will not be able to work with full zeal and enjoy the consumption of goods and

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How do the negative externalities affect the welfare of the people ? Explain by taking an example.

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