can someone give me an example of an industry that has positive and negative externality affected on the economy
Lawyers.
Pharmacecutial companies.
Fast Food Industries (consider the long term health car costs of eating that stuff)
Tobacco
Gambling
in fact, most of the Sin Industries are in that category.
Oprah, and other soaps...think of the lost productive time watching that garbage.
so what i am looking for would be for example the tobacco industy the negative affects are plan for people to see would be like the health care insurance rate costily habit for an individual what woul dbe the positive affect be for this industry i can see maybe the only positive affect would be the jobs
am i on the right track
Sara I believe the positive affect of the all of these examples would be economic they bring in allot of money to community with what they are producing. Tobacco it self I f I am not mistaken brings in billions of dollars a year. am I right looking at this way
Yes, you are on the right track. The positive effect of the tobacco industry, as you mentioned, would be the creation of jobs and the generation of revenue for the economy. The tobacco industry employs a significant number of people, from farmers who cultivate tobacco plants to workers in manufacturing, distribution, and marketing. Additionally, tobacco companies pay taxes and contribute to the overall economic output of the communities in which they operate.
However, it's important to note that positive effects may vary in their magnitude and distribution. While the tobacco industry does contribute to the economy, the negative externalities, such as the health care costs and the harmful effects of smoking on individuals, can outweigh these positive aspects.
To provide a more comprehensive analysis, it is crucial to consider both the positive and negative externalities of an industry when assessing its overall impact on the economy.