Instructions to candidate:Introduction:
Our daily consumption of various commodities ranging from food to electronic gadgets has widespread spillover effects on other individuals and / or the environment. Choose a particular commodity of your choice and outline the spillover effects and name the affected individuals/groups and which way they have been positively and negatively been affected.Question:
What are the spillover effects of the private consumption of your choice and outline possible solutions to reduce those?Further requirement:Your coursework should consist of a short introduction to the commodity you focus upon and the research question. Further should you underpin your description of externalities/spill over by empirical or theoretical evidence from at least five peer reviewed and up to date academic journal articles among other sources. Please conclude with the outline of possible measures to reduce those externalities and also support this by good referencing.