"Internalities" are the benefits & costs due to production or consumption of a good that affects the consumer or producer himself
Positive Internalities are the benefits due to production or consumption of a good that affects the consumer or producer himself. When positive internalities arise, exponential growth of positive feelings occur. Here are some positive internalities:
My roommate and SOLE foundation of my social life here in KL/College. Yes, I am indebted to him for making my life here not-so-miserable. Vocally blessed and not afraid to flaunt it. Closet Entertainer.
Nicholas Ivan
The entertainer/comedian/Jack-of-Some-Trades. One who brightens up the mood around everyone with his immature and lame antics. Pretty good at magic and racist jokes.
Lim Tsu AnnHas a love for Econs, and applies Econominc concepts into everyday life. Is a closet lame-o but portrays the proverbial "do-not-disturb-me" facade in school.
Anushya Vadivale & Angela FooThey look better than this and this pic doesnt do them justice. Both of them are equally lame and i suppose they became that way as a result of hanging ard me too much. Musically talented and amazingly psychic.
Negative Internalities are the costs due to production or consumption of a good that affects the consumer or producer himself. When positive internalities arise, depreciation of positive feelings occur. Here is a negative internality:
AccountsOne confusing and mentally tiring subject that does not seem to provide any use in life. Plethora of useless applications exist in this subject. Made more annoying with the help of the lecturer. Nothing personal, just that with her at the helm, Accounts is doomed for failure.
There are other positive & negative internalities but they will not be covered in this syllabus.
7 comments:
of all the pics of me n angela u had to put that one up..thx la
proverbs aren't always true,r they???
proverbs??? and anu that was the only pic i had of u...blame yrself for dodging the camera
hahahha omg, shud i say tht u're creative or wat?? hahah cooping up all the econ's in the post. neeways, dont try to be tsu ann larh.hahah oh btw, we shall ask tsu ann to teach us econ somedays. cause SHE IS VERY LAME~! hahahha i bet the class will be super duper fun.. =p therefore, when the price of supply fall, the demand of it will increase. so haha, tsu ann, dont u dare to charge us =p
LAME?! but i have brand recognition wat,demand is inelastic..so,not only i'll charge,but i'll increase price as well :P wahahahh!!
O.M.G.
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