Cool Economics Examples-Externalities

Mr. Clifford from ACDC Econ introduces the concept of externalities using Axe body spray as an example. He explains that externalities occur when a transaction affects someone other than the buyer or seller. Positive externalities provide benefits to others, while negative externalities impose costs. A commercial is used to illustrate these concepts, showing how a person benefits from Axe without purchasing it, and how others might experience costs. The video aims to clarify these economic concepts with practical examples.

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