Social Costs

2 Posts
1 Sections
1 Types

August 31, 2024 4 min read Definitions

Negative Externalities: Costs Imposed on Third Parties by Economic Transactions

Economics Environmental Economics Public Policy Negative Externalities Third-Party Costs Market Failure External Costs Social Costs

An in-depth exploration of negative externalities, their types, key events, mathematical models, importance, applicability, examples, considerations, and related terms.

August 25, 2024 3 min read Definitions

External Diseconomies: Costs Imposed on Non-Participants

Economics Externalities Market Failure Environmental Impact Social Costs Public Goods

External Diseconomies are actions that impose costs on individuals who are not involved in the transaction with the entity causing the costs, leading to socially inefficient resource allocation.