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The production of carbon dioxide is widely held to contribute to social / environmental problems such as global, warming. This carbon pollution is a negative externality. It is a cost imposed on the whole of society and not just the individual. Who consumes a certain product. E.g. If you drive a car the external, costs are felt by everyone else.
.Because certain carbon intensive industries create, negative externalities the social cost of production is greater than. The private cost.
In a free market these negative, externalities are not included in the price leading to overconsumption. And social inefficiency. We can say there is a, missing market because the external cost of carbon emission is ignored.
.At present, there are carbon dioxide production widely. Which led to social problems since. Air pollution, such as global warming. Pollution from this carbon is a negative externalityThe negative side effects resulting from the production of carbon, this will affect the external cost of negative social production. More than the cost of negative personal
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