Australian Economy At a Glance

Our world is shaped by an increasingly complex economic system. As a result, it has become more and more important for people to know what is going on around them. Unfortunately, finding and processing the relevant information to do this has become more difficult as well, due to the information […]

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Positive Externalities vs Negative Externalities

Externalities are defined as the positive or negative consequences of economic activities on unrelated third parties. Since the causers are not directly affected by those externalities, they will not take them into account. As a result, the social cost (or benefit) of these activities is different from their individual cost […]

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