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Negative Externalities and the Coase Theorem, Explained

329,960 views

Learn Liberty

Video Language:

  • English

Caption Language:

  • {{captionLanguage | language_name}} ({{captionLanguage}})

Accent:

  • English (US)

Speech Time:

96%
  • 4:23 / 4:32

Speech Rate:

  • 172 wpm - Fast

Category:

  • Education

Tags :

Intro:

Video Vocabulary

parties

/ˈpärdē/

noun other verb

social gathering. One sides in a legal action or conflict. enjoy oneself at a party.

categories

/ˈkadəˌɡôrē/

noun other

class or division of people or things regarded as having particular shared characteristics. Groups of things that are similar in some way.

suggested

/sə(ɡ)ˈjest/

verb

put forward for consideration.

fertilizer

/ˈfərdlˌīzər/

noun

chemical or natural substance added to soil or land to increase its fertility.

growing

/ˈɡrōiNG/

adjective noun verb

Developing, maturing. Act of cultivating plants for food. To get bigger and more mature; make plants do this.

benefit

/ˈbenəfit/

noun verb

advantage or profit gained. To have a good effect or be helpful.

negative

/ˈneɡədiv/

adjective exclamation noun verb

characterized by absence of distinguishing features. no. Reply to a question or statement that means 'no'. refuse to accept.

exchange

/iksˈCHānj/

noun verb

Act of giving a thing in return for another thing. To sell one currency to get another.

externalities

/ˌekstərˈnalədē/

noun other

consequence of industrial or commercial activity which affects other parties without this being reflected in market prices. Quality or state of being outside or exterior.

producing
verb

To make something appear.

private

/ˈprīvit/

adjective noun

for or belonging to one person. lowest rank in army.

production

/prəˈdəkSH(ə)n/

noun

Process of making something on a large scale.

oftentimes

/ˈôf(t)ənˌtīmz/

adverb

frequently.

property

/ˈpräpərdē/

noun

possessions collectively.

spillovers

/ˈspilˌōvər/

noun other

instance of overflowing or spreading into another area. Acts or instances of spilling over.

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