36 | Benefits For Bystanders
A positive externality occurs when consuming or producing something results in a benefit to a third party.
Today on the show, we visit a company called Monoprice. And we go into a room where people sit all day and try to make stuff get cheaper.
In this Economics Made Easy video, we talk about the history from where we started to where we are today, because of the economic boom of wealth in our modern society.
Today on the show, we visit a company called Monoprice. And we go into a room where people sit all day and try to make stuff get cheaper.