{"id":1559,"date":"2019-02-08T11:09:30","date_gmt":"2019-02-08T01:09:30","guid":{"rendered":"http:\/\/petaguy.info\/blog\/?post_type=glossary&#038;p=1559"},"modified":"2019-02-08T11:56:44","modified_gmt":"2019-02-08T01:56:44","slug":"externalities","status":"publish","type":"glossary","link":"http:\/\/petaguy.info\/blog\/glossary\/externalities","title":{"rendered":"Externalities"},"content":{"rendered":"<p><span style=\"font-size: 8pt;\">A <span class=\"hvr\">cost<\/span> or <span class=\"hvr\">benefit<\/span> <span class=\"hvr\">that<\/span> <span class=\"hvr\">affects<\/span> <span class=\"hvr\">people<\/span> <span class=\"hvr\">other<\/span> <span class=\"hvr\">than<\/span> <span class=\"hvr\">those<\/span> <span class=\"hvr\">involved<\/span> in <span class=\"hvr\">the<\/span> <span class=\"hvr\">economic<\/span> <span class=\"hvr\">activity<\/span> <span class=\"hvr\">that<\/span> <span class=\"hvr\">produced<\/span> it <span class=\"hvr\">and<\/span> <span class=\"hvr\">that<\/span> is <span class=\"hvr\">not<\/span> <span class=\"hvr\">reflected<\/span> in <\/span><span class=\"hvr\"><span style=\"font-size: 8pt;\">prices. Pollution is a negative externality (cost) for those who have to clean up the results. A beekeeper who collects honey from the bees provides a benefit to farmers through pollination. In each case the external party affected by an individual action had no say in that decision.<\/span><br \/>\n<\/span><\/p>\n<div style=text-align:right;><\/div>","protected":false},"excerpt":{"rendered":"<p>A cost or benefit that affects people other than those involved in the economic activity that produced it and that is not reflected in prices. Pollution is a negative externality <a class=\"more-link\" href=\"http:\/\/petaguy.info\/blog\/glossary\/externalities\">Continue Reading &rarr;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"template":"","meta":{"_uag_custom_page_level_css":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"glossary-cat":[],"featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","ab-block-post-grid-landscape":"","ab-block-post-grid-square":"","slider":"","featured":"","small-featured":""},"post_excerpt_stackable_v2":"<p>A cost or benefit that affects people other than those involved in the economic activity that produced it and that is not reflected in prices. Pollution is a negative externality (cost) for those who have to clean up the results. A beekeeper who collects honey from the bees provides a benefit to farmers through pollination. In each case the external party affected by an individual action had no say in that decision.<\/p>\n","category_list_v2":"","author_info_v2":{"name":"Peta Guy","url":"http:\/\/petaguy.info\/blog\/author\/peta"},"comments_num_v2":"0 comments","uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"ab-block-post-grid-landscape":false,"ab-block-post-grid-square":false,"slider":false,"featured":false,"small-featured":false},"uagb_author_info":{"display_name":"Peta Guy","author_link":"http:\/\/petaguy.info\/blog\/author\/peta"},"uagb_comment_info":0,"uagb_excerpt":"A cost or benefit that affects people other than those involved in the economic activity that produced it and that is not reflected in prices. Pollution is a negative externality Continue Reading &rarr;","_links":{"self":[{"href":"http:\/\/petaguy.info\/blog\/wp-json\/wp\/v2\/glossary\/1559"}],"collection":[{"href":"http:\/\/petaguy.info\/blog\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"http:\/\/petaguy.info\/blog\/wp-json\/wp\/v2\/types\/glossary"}],"author":[{"embeddable":true,"href":"http:\/\/petaguy.info\/blog\/wp-json\/wp\/v2\/users\/1"}],"version-history":[{"count":3,"href":"http:\/\/petaguy.info\/blog\/wp-json\/wp\/v2\/glossary\/1559\/revisions"}],"predecessor-version":[{"id":1569,"href":"http:\/\/petaguy.info\/blog\/wp-json\/wp\/v2\/glossary\/1559\/revisions\/1569"}],"wp:attachment":[{"href":"http:\/\/petaguy.info\/blog\/wp-json\/wp\/v2\/media?parent=1559"}],"wp:term":[{"taxonomy":"glossary-cat","embeddable":true,"href":"http:\/\/petaguy.info\/blog\/wp-json\/wp\/v2\/glossary-cat?post=1559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}