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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. Groups of people who travel, do some things together. To attend, meet, gather at an event to have fun.

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 develop and become bigger or taller over time.

benefit

/ˈbenəfit/

noun verb

Good result or effect, something advantageous. To have a good effect or be helpful.

negative

/ˈneɡədiv/

adjective exclamation noun verb

Being harmful, unwanted or unhelpful. no. The opposite to a positive electrical charge. refuse to accept.

exchange

/iksˈCHānj/

noun verb

The place you can change money to another currency. give something and receive something similar.

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

make or manufacture.

private

/ˈprīvit/

adjective noun

(Information) personal; not to be seen by everyone. (Soldier of) lowest rank of a soldier in the army.

production

/prəˈdəkSH(ə)n/

noun

action of making or manufacturing from components or raw materials.

oftentimes

/ˈôf(t)ənˌtīmz/

adverb

frequently.

property

/ˈpräpərdē/

noun

Particular quality that someone or something has.

spillovers

/ˈspilˌōvər/

noun other

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

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