Those indirect costs—which are not borne by the producer or user—include decreased quality of life, say in the case of a home owner near a smokestack; higher health care costs; and forgone production ...

Those indirect costs—which are not borne by the producer or user—include decreased quality of life, say in the case of a home owner near a smokestack; higher health care costs; and forgone production ...

Economic externalities are costs or benefits that are passed on to a third party without being included in the final cost. For example, a factory that pollutes the environment will incur social costs, ...