Benefits of Daybeds with storage trundle
https://www.daringabroad.com/best-trundle-bed-daybed
External Costs and Benefits
The world would indeed be far simpler than it is if the cost, or consequences, of each economic decision were incident only on the person making that decision. If the market price of a resource is high, the person paying that price clearly bears the cost, and has the incentives to economize on the use of that resource. However, although some decisions have a high cost, a substantial part of that part of that cost is not borne by the decision-maker but by someone else not responsible for that decision. These costs are called external costs. For example, a large factory releases its effluent which finds its way into the River Nzoia. The river’s water is used for drinking by residents downstream The fish in the river may also be affected and people could ingest pollutants by eating fish. The student should also be aware of other external costs such as air pollution, specially in Nairobi’s industrial area
External Costs and Benefits
The world would indeed be far simpler than it is if the cost, or consequences, of each economic decision were incident only on the person making that decision. If the market price of a resource is high, the person paying that price clearly bears the cost, and has the incentives to economize on the use of that resource. However, although some decisions have a high cost, a substantial part of that part of that cost is not borne by the decision-maker but by someone else not responsible for that decision. These costs are called external costs. For example, a large factory releases its effluent which finds its way into the River Nzoia. The river’s water is used for drinking by residents downstream The fish in the river may also be affected and people could ingest pollutants by eating fish. The student should also be aware of other external costs such as air pollution, specially in Nairobi’s industrial area