Nobody downloaded yet


Comments (0) Cite this document
Externalities occur when the decisions arrived at by a party fail to factor the costs and benefits likely to be imposed on other parties and the environment. From society’s viewpoint, the presence of externalities can make people undertake too much or too little of a given…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.1% of users find it useful
Read TextPreview

Extract of sample

Download file to see previous pages paper analyzes some common negative externalities, as well as possible ways through which government intervention may control and regulate these externalities. The study conducted in this paper is based upon a case study of the wastewater management system in Australia. The analysis of negative externalities in this case study is better approached by tackling the following three questions:
1. Explain what negative externalities are, and why there may be the case for government intervention to address them. Describe some of the ways to correct the negative externalities and the pros and cons of each method. Provide real life examples.
An externality occurs when some activities by consumers or producers result in unintended direct or indirect effects over other unintended players in the market. Externalities may be negative or positive (Laffont 2008). In this case, negative externalities arise when the action of a party results in damage to other people without any form of compensation being awarded for that damage. Within the context of a business environment, a negative externality refers to a spill-over of an economic transaction that result in negative effects on a party that has no any direct involvement in the activity that causes the externality. Thus, the first party does not incur any costs for the repercussions on society while the second party gets no benefits from the effects inflicted upon them.
Externalities constitute one of the many reasons that lead to government intervention within the economic sphere. Thus, it is because the production, consumption, as well as investment decisions made by households, individuals, and organizations or firms usually affect people who are not directly involved in the transactionsMost externalities fall into the technical externalities category. In this context, the indirect effects impact on the production and consumption opportunities of other people, though the cost of the product or service does not consider ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“RESPONSE ESSAY SUMMARY SHEET Example | Topics and Well Written Essays - 250 words - 1”, n.d.)
RESPONSE ESSAY SUMMARY SHEET Example | Topics and Well Written Essays - 250 words - 1. Retrieved from
(RESPONSE ESSAY SUMMARY SHEET Example | Topics and Well Written Essays - 250 Words - 1)
RESPONSE ESSAY SUMMARY SHEET Example | Topics and Well Written Essays - 250 Words - 1.
“RESPONSE ESSAY SUMMARY SHEET Example | Topics and Well Written Essays - 250 Words - 1”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
A Summary-Strong Response Essay
...their responsibility in this global issue, Timmerman speaks in a personal manner. She writes in a way that her reader can almost see her sitting right across the table as an individual sips on his coffee. She also approaches her audience with real life stories, sharing her experiences and encounters with the characters in her article. She qualifies her motives by indirectly saying that she knows very well the hardships the workers have gone through and she encourages readers to look at them through her illuminated perspective. Indeed, globalization has made things easier for a lot of people but made life more difficult to a greater number of men. Farmers are not paid very well because their products are bought by bulks....
3 Pages(750 words)Essay
...A SUMMARY AND RESPONSE PAPER ON ALTERNATIVES TO PRISON BY PROFEFFOR SIR ANTHONY BOTTOMS, OF CAMBRIDGE AND SHIEFFIELD UNIVERSTITIES Summary In March 2003 Professor Sir Anthony Bottoms was asked to participate in a research task investigating the alternatives to prison. The main objective was to provide a thorough and impartial review of the relevant empirical research. Few years later Bottoms submitted an article at the Scottish Journal of Criminal Justice Studies, briefing the data that was found. He highlighted four focal points. The first point concerns the use of prisons. Bottoms underlines that the research clearly showed that the trends in sentencing indicates an increase in English prison population which is not necessarily... ...
7 Pages(1750 words)Essay
Summary response essay
... The Roots of our Compassion Towards Others Begins from Respecting Creatures Our relationship towards smaller creaturesreflect a deeper part of ourselves as a person. This is exactly what the Fourth Trust is trying to teach children : to respect and love nature. What started as a dream of a gentle child who cuddled earthworms in pillows became Roots and Shoots - a global network spanning 110 countries that involves young people to care for nature, community and animals. Actually, Roots & Shoots is a program of the Jane Goodall Institute that has its beginnings in Dar es Salaam, Tanzania in 1991. From the voices of concern coming from 16 teenagers, a materialized vision came true through the Roots & Shoots program. The Fourth Trust...
2 Pages(500 words)Essay
Summary Response Essay
...The film, ‘Super Size Me’ by Spurlock is an eye opener because it has clearly shown the adverse effects of fast food. The experiment of eating three meals of fast food from McDonalds’ on a regular basis for a month resulted in depression, obesity, adverse impact on liver, heart and high level of sugar. Early diagnosis helped the protagonist of the film to regain his health but it nearly took 14 months to remove the ill effects of eating fast food for 30 days! Indeed, today, fast food or junk food has become hugely popular amongst children and youngsters. Consequently, there has been increased incidences of obesity amongst the children that have become a huge concern. Obesity has wide ranging serious implications on the health... film, ‘Super ...
1 Pages(250 words)Essay
Summary response essay
...26 March Love/Hate Relationship with Reading It is possible to hate reading, only to love it forever afterwards. This is what Stephanie Whipple says in her essay, “One Great Book.” This narrative essay describes how Whipple loses and regains her interest in reading. She recollects losing her motivation to read, when she learns that her brother can read better than she does. Whipple regains her reading interest, when circumstances forced her to read a book. I can relate to her story, because I once hated reading too, until I found that one great book, or rather story, of my life. I hated reading for the same reasons that Whipple did; I did not find myself an exceptional reader compared to my peers. While...
1 Pages(250 words)Essay
The Summary & Strong Response Essay
...Children Need to Play, Not Compete Summary and Response Children Need to Play, Not Compete Summary In "Children Need to Play, Not Compete”, Jessica Statsky argues that children sport competitions make them face adult reality too early. Her first argument is that sport games such as football or baseball are harmful for children physically. In game play process, children have to hit each other and perform different actions which bring nothing good for their growing bodies. Statsky proceeds that enormous competition and focus on winning make children be afraid of failure. It results in low self-confidence, uncertainty and change in interests. Children are psychologically unready to compete...
3 Pages(750 words)Essay
Response Sheet
...Response Sheet MAJOR THEME The article d, “When the Full Moon Shines Its Magic Over Monument Valley”, penned by John V. Young reflects the sensational experience of the author during his visit as a tourist to Navajo, tribal park on the Arizona-Utah border to see the full moon rise. PERSONAL RESPONSE In this article, the author, John V. Young is so much fascinated with the scenic beauty of the location and moonrise that he uses imaginative words and phrases to describe it. He finds the location totally different and hence, used the phrase “small change indeed” on seeing the people of that place. Although the main intention of the author was to see the full moon rise, he was attracted so...
1 Pages(250 words)Essay
Response Sheet
...Personal Response Major Theme The article d “seaside safari” is written by Kessler Burnett, and reveals the beauty of the Virginia’s barrier island, which is an eco-tourist site. Personal Response The author remembers vividly appearance of the dock creating an impression of a gorgeous place, and she is anxious to get into the oyster watch house. She says that the watch house is located in an island bolstered on stilts and covered with shingles. The watch house, which was constructed by watermen who used to guard their harvest from poachers in the 19th century, looks old, fashioned from a distance. His photographer accompanies the writer, and a tour guide from the Cape Charles tour company guides them...
1 Pages(250 words)Essay
... Summary Sheet for Second Response Essay Question The 1920s can fairly be called the decade of modernization. Develop an Essay which discusses in what ways Tennessee modernized during the 1920s and in what ways it remained traditional during the day Thesis Statement Tennessee modernized in 1920s mainly through development of electricity power, railroad and modernized municipal services; hence leading to modernized agriculture, industry as well as health, banking and education services. However, Tennessee also remained traditional in terms of poverty and segregation against blacks. 1. How Tennessee Modernized a. Modernization of municipal services and administration – public health, agriculture and occupational conditions were... Summary...
1 Pages(250 words)Research Paper
Summary and Response Essay
... Legalizing Marijuana Both the articles debate on the issue of whether or not to legalize marijuana. The debate for legalizing marijuana has been going on for quite a long time with both sides arguing passionately about which side they support. Howard Samuels postulates that the people who want marijuana legalized use the cover hat it is needed for people with chronic illnesses who are always in pain. Howard Samuels unlike Granderson does not support the legalization of marijuana. Howard seems to be uptight about the legalization of marijuana while Granderson is a bit more liberal about it (Samuel). Howard is convinced that people who are pushing for the legalization of pot are not concerned about the health of the chronically ill...
3 Pages(750 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic RESPONSE ESSAY SUMMARY SHEET for FREE!
logo footer
Contact us:
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us