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You misunderstand what externalized means. Externalized cost means external to the manufacturer. It is a phrase used to refer to a method os extracting profit w
by more_corn 5y ago
You misunderstand what externalized means.
Externalized cost means external to the manufacturer. It is a phrase used to refer to a method os extracting profit while harming society/humanity/the world. It literally means a cost born by someone other than the one profiting.
The health cost is externalized for the producer because it is shifted to the consumers.
- missedthecue 5y agoWhether someones profiting or not has nothing to do with it. A negative externality is simply any economic activity that imposes costs on an uninvolved party.