What does it mean when they say that nature is an economic externality?



  1. 0 Votes

    This means that nature gets hit with an unintended cost as a result of activities by an economic agent (such as oil industy). While the oil industry does not intend or necessarily want to pollute the environment, it does in fact do that. This unintended blow to nature is called an economic externality.

Please signup or login to answer this question.

Sorry,At this time user registration is disabled. We will open registration soon!