Externality: Dr Red giving free tickets to "Common Cents".
Externality consists of negative and positive externalities. The positive impact is called external benefit while the negative impact is called external cost. Today I am gonna write about something that happened recently. That is Dr Red gave us free tickets to a play by TheVOICE, "Common Cents". The play talks about how 2 protagonists fall into monetary debts that caused them to want to give up their lives. In the end, they pluck themselves up with the help of their loved ones and became successful people. Those that went to the play did not pay for the tickets but benefitted with values taught by the play. They teach that though in this recession and economic downturn, life still goes on no matter what happen. Thus this is a positive externality.

Labels: externality

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