Unlike mining, the growing of forests often involves positive externalities for other people (benefits derived from growing trees that the forest owner cannot "capture"). Explain some of the positive externalities associated with growing trees (even on private-property woodlots).

Unlike mining, the growing of forests often involves positive externalities for other people (benefits derived from growing trees that the forest owner cannot "capture"). Explain some of the positive externalities associated with growing trees (even on private-property woodlots).

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter14: Environmental Economics

Section: Chapter Questions

Problem 1SQ

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Question

Unlike mining, the growing of forests often involves positive externalities for other people (benefits derived from growing trees that the forest owner cannot "capture"). Explain some of the positive externalities associated with growing trees (even on private-property woodlots).

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Positive externalities: - positive externalities mean positive spillovers or it refers to the situation where the producers do not get all benefits of the goods and services they produced but the benefits of those goods or services are shared by others as well.

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