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        <title>Negative Externalities： The Hidden Social Costs</title>
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        <description>Learn how both negative and positive externalities impact society with real-world examples of environmental issues, resource overuse, and solutions for reducing pollution, in this 4:40 minute long video lesson. In economics, an externality is an indirect cost or benefit to an uninvolved third party that arises as an effect of someone else's activity. Negative externalities can pose a fundamental problem to society. The story of Tony, a fisherman, shows what can happen when negative externalities are not internalized. COLLABORATORS Script: Jonas Koblin and Jonas Jacquet Artist: Pascal Gaggelli Voice: Mithril Coloring: Nalin Editing: Peera Lertsukittipongsa Sound Design: Miguel Ojeda Production: Selina Bador SOUNDTRACKS Toys Are Alive - Studio Le Bus DIG DEEPER with these top videos, games, and resources: Listen to this EconTalk episode with Mike Mungers on subsidies and externalities. https://www.econtalk.org/munger-on-su... Read this overview on externalities by Brian Caplan. https://www.econlib.org/library/Enc/E... SOURCES https://en.wikipedia.org/wiki/Externa... https://www.imf.org/external/pubs/ft/... https://www.investopedia.com/ask/answ... CLASSROOM EXERCISE To view suggested classroom activities on this topic, check out our website at https://sproutsschools.com CHAPTER 00:00 Introduction 00:44 Environmental impact 01:07 Social behavior impact 01:32 Solution 2:00 Distortion of supply and demand 02:35 Tragedy of the commons 03:01 To prevent negative externalities 03:18 Summary 03:41 What do you think? 04:13 Patrons' credits 04:22 Ending Author: Sprouts</description>
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