IGNOU BECC 114 2025 2026 - Positive externalities and negative externalities.

Question

Positive externalities and negative externalities.

19 Dec 2025

Answer :

Word Count : 284

Positive externalities occur when the actions of an individual or firm result in benefits to others for which they do not receive compensation. These are also called external benefits. In the context of development economics, education is a classic example. When an individual attains education, they not only improve their own productivity but also contribute to societal gains, such as

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