Positive Externalities

Private benefits

External benefits

A beekeeper who keeps bees in order to make honey

Revenue from the sales of honey and other by product

 Pollinating agricultural plants which results in a more abundant

The construction and operation of an airport

Gain more revenue from increasing passengers

 Enhanced flight options can attract more tourists, benefiting local hospitality and retail sectors.

A citizen might be planting trees and flowers in his own garden for his own enjoyment.

Enjoyment for peace and reduce stress, improve their mood, and provide a sense of accomplishment and relaxation. Enhancing their personal enjoyment for their living space.

 Air quality gets better. Making the area visually attractive, making others feel happier and more pleasant.

Some firms build a flood defense

 Prevention from flood and defense

Safety for the community nearby.