What is meant by an externality? given the two types, Ask an Expert

Economics

What is meant by an "externality"? Given the two types, positive and negative externalities, which one will the government seek to promote and which one will the government try to reduce and why? Be sure to include your own exs of each externality and its impact on society.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M964258

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