Externalities Discussion

Describe a situation when you have personally caused or been affected by a positive or a negative externality.

Please remember that a negative externality occurs when someone does something that negatively affects the people around them, but the person doing it doesn’t take the negative impact on others into consideration.

Please remember that a positive externality occurs when someone does something that positively affects the people around them, but the person doing it doesn’t take the positive impact on others into consideration.