lesson
Positive and Negative Externalities in Capitalism
Identify market spillover effects, such as environmental pollution or public health advances, and evaluate corrective policies.
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American Capitalism, Labor, and Economic Inequality
11 lessons
Goal
Examine the evolution of the United States economy, labor relations, entrepreneurship, government regulation, and ongoing debates over inequality.
11 lessons
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- Evolution of the US Economy: Agrarian, Industrial, and InformationUp next
- The Information Economy and Demands for Human CapitalNot started yet
- Labor Rights and Collective Bargaining HistoryNot started yet
- Why We Need Laws to Protect Workers and ConsumersNot started yet
- Protecting Property Rights and Intellectual PropertyNot started yet
- Entrepreneurship, Innovation, and Economic GrowthNot started yet
- Intended and Unintended Outcomes of Market CompetitionNot started yet
- Positive and Negative Externalities in CapitalismYou are here
- Antitrust Laws and Preventing Monopolistic PracticesNot started yet
- Debating Economic Inequality: Sources and MechanismsNot started yet
- Government Anti-Poverty Programs and Social MobilityNot started yet
Learning standards covered
12.E3cNew York Social Studies Standards · 10th GradeThe freedom of the United States economy encourages entrepreneurialism. This is an important factor behind economic growth that can lead to intended consequences (e.g., growth, competition, innovation, improved standard of living, productivity, specialization, trade, outsourcing, class mobility, positive externalities) and unintended consequences (e.g., recession, depression, trade, unemployment, outsourcing, generational poverty, income inequality, the challenges of class mobility, negative externalities.).
12.E3dNew York Social Studies Standards · 10th GradeA degree of regulation, oversight, or government control is necessary in some markets to ensure free and fair competition and to limit unintended consequences of American capitalism. Government attempts to protect the worker, ensure property rights, and to regulate the marketplace, as well as to promote income equality and social mobility, have had varied results.