Saturday, May 2, 2009
Things found along corridors
Externality is an effect of a purchase or use decision by one set of parties on others who did not have a choice and whose interests were not taken into account. (About.com: Economics)
Things along the corridors are both positive and negative externality. Examples of things along corridors are pots of plants, laundries and large objects such as unwanted furniture.
These things can be consider as a positive externality because plants along corridors will enhance the environment and in the scientific way, plants help to clean the air thus we will have oxygen to breathe. Hanging laundries along corridors will be an advantage the owner as their clothes will dry faster and the dispose of the unwanted furniture along the corridors make it much more convenience for the owner as he/she does not need to carry them to the dump.
HOWEVER.
These issues can serve as a negative externality to others and sometimes, to the owner themselves.
For example, plants along the corridor are not properly taken care of and thus have stagnant water and causing it to be the optimum condition for mosquitoes to breed. This will lead to having more mosquitoes in the area and may lead to dengue.
Hanging laundries and discard unwanted items along the corridors may spoilt the image of the housing environment and also blocking the pathways. In addition, elderly and children may trip and fall, and injured themselves. These items along corridors can be fire hazard too.
GRACE.L
BZSE T01
Labels: externality, grace rocks~
We Loved9:52 PM