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Highlight the negative externalities that might occur in the south african economy during the russian and ukraine war

Sagot :

Parrain

Negative externalities in the South African economy as a result of the Russia-Ukraine War include:

  • Rising inflation.
  • Decrease in living standards.

What negative externalities have the Russia-Ukraine War caused?

Negative externalities are negative effects suffered by parties that are not directly involved in a transaction.

In the war between Russia and Ukraine, fuel and wheat supplies have been affected which has led to inflation in countries like South Africa which are not involved in the war.

As a result, people are unable to afford certain goods and services and have seen their living standards drop.

Find out more on negative externalities at https://brainly.com/question/1362529.

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