https://padlet.com/erosion/econs Econs notes/tips en-us 2017-08-02 13:56:15 UTC 2025-12-06 12:40:12 UTC hello@padlet.com https://padletuploads.blob.core.windows.net/prod/212896082/96284ddbb745c8a51ba4d68715990069/golang_gopher_figurine.jpeg erosion https://padlet.com/erosion/econs/wish/179957523 A positive externality is the benefit of production or consumption of a product that is enjoyed by a third party who is neither the consumer nor the producer of the good for which no payment is made.]]> 2017-08-02 15:29:18 UTC https://padlet.com/erosion/econs/wish/179957523 erosion https://padlet.com/erosion/econs/wish/179957666 Merit goods or services are deemed by the government (or society) to be desirable and under-consumed]]> 2017-08-02 15:31:32 UTC https://padlet.com/erosion/econs/wish/179957666 erosion https://padlet.com/erosion/econs/wish/179957786 Traffic congestion is -ve ezternality caused by the over-consumption of cars. By deceloping public transport network which is a substitute of cars, the demand for cars will decrease, thus reducing trafdic congestion. 
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