A large supermarket submitted an application to develop land in an area of natural beauty. The local authority approved the construction, although the area's natural beauty would be destroyed, because many jobs would be created and much needed income would be generated for the local community. Which economic ideas cannot be found in the above statement?
- Aexternal cost and private enterprise
- Bfree market and the conservation of resources
- Copportunity cost and improved standards of living
- Dpublic sector and external benefit