Externalities of alcohol consumption essay




Negative consumption externalities are costs to third parties that arise from the consumption of goods and services. The result is that the social marginal benefit curve is smaller than the private benefit. This is due to negative external benefits. In this video we look at examples of negative consumption externalities and go through the most important ones. Externality: An externality is a consequence of an economic activity experienced by unrelated third parties. This can be positive or negative. Pollution emitted from a factory that spoils the economy.





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