AS Paper 1, June 2016Introduction to Markets and Market Failure
AS Paper 1, June 2016, Q3(a)
The impact of the flower industry on workers in the fishing industry is an example of:
Multiple choice1 mark
Context
The area around Lake Naivasha in Kenya supplies 70% of the UK cut-rose flower market. Much of the water which the flower farms are dependent on is extracted from the lake. This has resulted in damage to fish stocks and increasing competition for water.
Aprivate benefits
Bprivate costs
Cexternal costs
Dexternal benefits