Evaluation of Social Externalities in Indian Coal Mining Industry - A Concept

Author(s)	Achyuta Krishna Ghosh, Twisha Chakraborty (Adhikary)
Country	India
Abstract	Concept of externality is century old. The action of one consumer or a firm should not affect the well-being of another consumer or a firm with whom there is no direct business relationship. Nevertheless, in reality, our economic activities control natural systems directly or indirectly, and definitely has some externalities. This arises when an individual or a firm takes an action but does not take account of the external cost or benefits that are being generated because of lack of any incentive. In this paper, an attempt has been made to identify the social externalities of coal mining in India.
Keywords	Externality, Social & Environmental Awareness, External Cost, External Benefit, Social Externalities, Coal Mining.
Published In	Volume 6, Issue 1, January-February 2024
Published On	2024-02-07
Cite This	Evaluation of Social Externalities in Indian Coal Mining Industry - A Concept - Achyuta Krishna Ghosh, Twisha Chakraborty (Adhikary) - IJFMR Volume 6, Issue 1, January-February 2024. DOI 10.36948/ijfmr.2024.v06i01.12786
DOI	https://doi.org/10.36948/ijfmr.2024.v06i01.12786
Short DOI	https://doi.org/gtg6rj

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