Detrimental externalities like pollution are a shortcoming of the market mechanism. Do they occur in free market economies alone? Explain with examples
Even though the detrimental externalities are the shortcoming of market economies, free market economies do not have any monopoly over this. Even some centrally planned economies like China and former Soviet Union have many environmental disasters. China has some of the world's worst air pollution. Grave environmental problems also continue to plague Eastern Europe and the countries of the former Soviet Union.
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An increase in the average tax rate that ________ the budget deficit in an example of ________
A) raises, automatic stabilization B) raises, discretionary fiscal policy C) lowers, automatic stabilization D) lowers, discretionary fiscal policy
Why did Goldman Sachs and Morgan Stanley seek to become financial holding companies in October 2008?
What will be an ideal response?