Negative externalities
What Negative externalities means in Economics GCSE, as defined for AQA.
Definitions of Negative externalities
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Reference: AQA
Costs imposed on a third party outside of the market transaction, which can arise from both the production and consumption of goods and services.
External costs to society, such as pollution, which must be weighed against the economic benefits of global trade.
Topics that use Negative externalities
- Externalities (AQA GCSE)
- Globalisation: benefits and drawbacks (AQA GCSE)
Related terms
- Consumer choice
- Economic integration
- Economies of scale
- Employment and unemployment
- Externality
- Globalisation
- International trade
- Market failure
Using Negative externalities in the exam
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