The Corporation - Part 4 of 23 - Externalities - English

Views: 8772
Rating: ( Not yet rated )
Embed this video
Copy the code below and embed on your website, facebook, Friendster, eBay, Blogger, MySpace, etc.
 

Tags

Materialism   Capitalism   Consumerism   Profit   Greed   Neoliberalism   Globalization   Social   Justice   Corporation   US   English  

4. What is an externality. Milton Friedman describes it as the effect of a transaction between two parties on a third party who is not involved in the transaction. A technical sounding term that basically means let somebody else deal with the problems the corporation creates.

Added by Abuzari on 20-09-2007
Runtime: 2m 12s
Send Abuzari a Message!

(262) | (1) | (7) Comments: 0
TheMuslimTV.net