• Benefits or costs, generated as a byproduct of an economic activity, that do not accrue to the parties involved in the activity. Environmental externalities are benefits or costs that manifest themselves through changes in the physical or biological environment.


    Externalities meaning & definition 1 of Externalities.


  • damage caused by a companys activities for which it does not pay, or something positive created by it for which it does not receive payment:

    Externalities meaning & definition 2 of Externalities.

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