engleski

Externalities as a source of market failure

Business activity based on the optimal production and costs strategies, the rational allocation of resources, the preferences of customers, in unity with the legal law framework is supposition of the economic success of company. However, besides the economic aspects of business operations, it is necessary to take into consideration the social and environmental trends which are imposed as a new criterion for the survival, growth and development of companies.

externalities; market failure; methods of regulation

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