Which term describes the individual use of products that can lead to externalities?
A. Free resources
B. Free riders
C. Common goods
D. Private consumption

The term that best describes the individual use of products leading to externalities is private consumption . This concept involves personal consumption that can create impacts on third parties. Examples include pollution from driving, illustrating the balance of benefits and external effects in our consumption choices. ;

Answered by GinnyAnswer | 2025-07-03

The correct term that describes the individual use of products leading to externalities is private consumption , as it directly relates to the impacts of personal choices on society. This concept highlights how personal consumption can result in external effects, both positive and negative, on third parties. It is essential in evaluating economic activities and their broader implications.
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Answered by Anonymous | 2025-07-04