Positive And Negative Externalities
The two industries I chose to show examples of negative and positive externalities are Phillip Morris International and the Southwest Airlines. The negative externalities are from the Phillip Morris articles in relation to second hand smoke and health costs associated with smoking. There is over 60 billion spent in health costs. There are 35 billion in medical expenses, 20 billion from missed time at work and 5 billion in related fires, smoke, and odor damage. These are not only for the people that smoke but also for those that do not smoke. Although there has been a tobacco tax added to control the purchase of cigarettes it still does not stop those that are additive to smoking. The tax revenues should be used to help victims of smoking damaged or used towards government programs.
Phillip Morris has implemented programs to assist those who wish or have tried to stop smoking. They have also placed warnings messages on the side of each pack of cigarette produced from their company.......
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