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Market Failure: Externalities
Introducing Market Failure
Economics Textbooks Boundless Economics Market Failure: Externalities Introducing Market Failure
Economics Textbooks Boundless Economics Market Failure: Externalities
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Economics
Concept Version 5
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Defining Market Failure

Air pollution

Air pollution

Air pollution is an example of a negative externality. Governments may enact tradable permits to try and reduce industrial pollution.

Source

    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    "Pollution de l'air."
    http://commons.wikimedia.org/wiki/File:Pollution_de_l'air.jpg Wikimedia Public domain.

Related Terms

  • merit good
  • public good
  • externality
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