Externalities matter; what are the unintended consequences?
Understand the Problem
The question is exploring the concept of externalities and how they lead to unintended consequences in economic or social contexts. This could involve discussing positive or negative externalities and their impact on stakeholders.
Answer
Unintended consequences are often externalities.
Unintended consequences are often externalities that may result in unexpected drawbacks or perverse results.
Answer for screen readers
Unintended consequences are often externalities that may result in unexpected drawbacks or perverse results.
More Information
Externalities can be positive or negative and pose significant economic policy challenges by affecting third parties who did not choose to incur those costs or benefits.
Sources
- Unexpected drawbacks - Sustainability Unlocked - sustainabilityunlocked.com
- Externalities: Why We Can Never Do “One Thing” - Farnam Street - fs.blog
- What Are Externalities, And Why Should We Care About Them? - INN8 - inn8.co.za
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