Externalities - Outline
Thesis statement: Most externalities are considered technical externalities and thus, cause
market deficiencies. Therefore, making people advocate for government intervention to curb
adverse effects of these externalities.
I. Example of a positive externality
II. Example of a negative externality
III. How the government intervenes
Running head: EXTERNALITIES
The cost or benefits that third parties incur or receive refer to externalities. These
externalities stem from production or consumption. These externalities can affect an individual
or an organization or may change the whole society. Most externalities are considered technical
externalities and thus, cause...
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