Simple and understandable meaning of Externalities in Sustainable Development
Major Gopika AS Pawar
Building sustainable eco system/ex IKEA/Indian Army /IIM Ahmedabad
An externality is an impact caused directly or indirectly by the producer on people or things that are not the producer’s customers. It can be both positive and negative. Can occur during the production process or after the product's consumption or usage.?
Few Examples ?(there are a lot not mentioned here)
The low air quality of air due to industrial development or increased fossil fuel vehicles in the city?
Loss of employment due to automation?
Asthma due to air pollution?
Anxiety due to unwanted hustle in life?
Deforestation’s impact on nature’s ecosystem?
Acid rain?
Floods and loss of life due to the melting of glaciers?
Wild animals killing human life due to a lack of food in the natural ecosystem?
Extinction of various species of animals, birds?
Unnatural death of fish?
etc
etc
etc
etc
Absolutely aligned with ur views. Sometimes I feel sustainability is all about mindset.
Conscious Entrepreneurship | Co-founder | Renewable Energy | Recycling | Sustainability | Circular Economy | Environment | Pollution | Plastics | Social Impact | Waste Management | Angel Investing | tedX
2 年Anxieties due to life hussle.... Add noise factors too. Most of the negative factors which we call negative externalities as the name implies can be dealt with to avoid their effect on your general course of life and we'll being. Be conscious of them and deal.