Question 1 (Choice 2) - CBSE Class 12 Sample Paper for 2022 Boards [Term 2] - Economics - Solutions to CBSE Sample Paper - Economics Class 12

Last updated at April 16, 2024 by

Distinguish between positive externalities and negative externalities.

(2 marks)

Answer

Positive Externalities- It refer to activities that result in benefits to others. Example-Parks made for Public

Negative Externalities - It refer to activities that result in harm to others. Example-Pollution caused by vehicles

 

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CA Maninder Singh is a Chartered Accountant for the past 14 years and a teacher from the past 18 years. He teaches Science, Economics, Accounting and English at Teachoo