00:01
So let's talk about positive and negative externalities.
00:05
I'm going to give you an example of each one.
00:08
Let's start with positive externalities.
00:11
So education is a very good one and the one that most people go to when it comes to positive externalities.
00:18
And that's because education helps a lot of people, not just the people being educated.
00:24
For example, while i was in college, i had friends in psychology.
00:33
So a lot of, through conversations, i learned a lot about psychology.
00:40
And i was not the one purchasing this education from our university.
00:44
So it was them just, just being near them helped me understand more concepts in psychology.
00:54
And that's kind of the positive externality there...