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Yeah, "cost" is one of the fundamental terms of economics. So is "externality".
by Taywee 5y ago
Yeah, "cost" is one of the fundamental terms of economics. So is "externality".
- josephcsible 5y agoWhat's the externality of using electricity?
- Taywee 5y agoPollution (most electricity production is still coal-based), raising electricity prices for everybody else, contributing to an ongoing energy crisis (electricity is going to start being rationed in Kazakhstan). Electricity is a finite resource.
- FartyMcFarter 5y agoDepends on the situation. If there's a shortage (or near-shortage) of supply, the externality could be causing a partial or total blackout.