| -The technical definition of an externality is when a purchase or use decision of one party effects others, who had no choice in the matter, and whose interests are not taken into account. Externalities generally refer to economic events whose value is not fully captured within the economic system (one definition is "when the actions of one agent affect the interests of another agent other than by affecting prices").
this opens a whole new market to the entrepeneur... big bad business is busy doing business for the major market while not concerning itself with the myriad of externalities which are left for the profiting entrepeneur...
ignore away... let the entrepeneurs make their bit... if you are worried about unseen and uncomputatable factors, buy "boogeyman insurance"...
"I really like this jacket, but the sleeves are much too long..."
insanity is doing the same thing over and over again, but expecting different results... |