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Essay text:
The desire to improve the bottom line has resulted in harming the society in variety of ways. Externality is an effect of transaction on third party who has not consented to, or played any role in, the carrying out of that transaction. The externalities due to unethical behaviour are as follows:
Negative Externalities:
Harm to Workers: Workers are made to work in horrible conditions .They are paid less compared to the money earned on items produced.
Safety: Producing chemicals that will kill humans and harm animals.
Harm to Biosphere: Polluting the river with paper mills effluent.
Environmental Imbalance: Environmental imbalance has been caused by the production of new chemicals by Monsanto which created environmental disaster causing disorder among mankind and animals causing birth defects and even cancer
Positive Externalities:
Eliminating Starvation: Though employees were paid low wages they could to some extent provide them food...
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