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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. Social events often with food, drinks and dancing. 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

To mention something that could be done; propose.

fertilizer

/ˈfərdlˌīzər/

noun

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

growing

/ˈɡrōiNG/

adjective noun verb

undergoing natural development by increasing in size and changing physically. Act of cultivating plants for food. To improve; to develop better skills over time.

benefit

/ˈbenəfit/

noun verb

Good result or effect, something advantageous. profit.

negative

/ˈneɡədiv/

adjective exclamation noun verb

Focusing on the bad aspects; pessimistic. no. Reply to a question or statement that means 'no'. refuse to accept.

exchange

/iksˈCHānj/

noun verb

Sharing/directing a look, etc. at someone else. 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

make or manufacture.

private

/ˈprīvit/

adjective noun

Not controlled by the government; not state-owned. (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

Mainly US many times; at short intervals.

property

/ˈpräpərdē/

noun

Buildings or piece of land owned by someone.

spillovers

/ˈspilˌōvər/

noun other

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

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