The use of agricultural pesticides affects not only the manufacturers who make them and the farmers who use them but also many others who breathe the air or drink the water contaminated by these pesticides. When a market exhibits such side effects, they are called externalities.
True
True. The use of agricultural pesticides affects not only the manufacturers who make them and the farmers who use them but also many others who breathe the air or drink the water contaminated by these pesticides. When a market exhibits such side effects, they are called externalities.