What Are The 4 Types Of Externalities? An externality is a cost or benefit imposed onto a third party, which is not factored into the final price. There are four main types of externalities – positive consumption externalities, positive production externalities, negative consumption externalities, or negative production externalities. What is an example of a negative
What Is Corporate Social Responsibility Towards Environment? Corporate Environmental Responsibility (CER) refers to a company’s duties to abstain from damaging natural environments. The term derives from corporate social responsibility (CSR). What is our responsibility according to CSR for environment? Environmental CSR aims to reduce any damaging effects on the environment from your business processes. Activities
Which Statement About Externalities Is Correct? The correct option is C. Externalities can be both beneficial and harmful. Externalities can be positive (beneficial) or negative (harmful). What are examples of externalities? Light pollution is an example of an externality because the consumption of street lighting has an effect on bystanders that is not compensated for