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Define Dictionary Meaning - True Words & Their Meanings
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  4. Externality

Externality

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  • Gretaundefined Offline
    Gretaundefined Offline
    Greta
    wrote on last edited by admin
    #1

    an externality is a cost or benefit resulting from an economic [transaction] that is [borne] or received by parties not directly involved in the transaction. Externalities can be either positive, when an [external] benefit is generated, or negative, when an external cost is imposed upon others

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    • Oraleeundefined Offline
      Oraleeundefined Offline
      Oralee
      wrote on last edited by
      #2

      A consequence of an industrial or commercial activity which affects other parties without this being reflected in market prices, such as the pollination of surrounding crops by bees kept for honey.

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      • Vaniaundefined Offline
        Vaniaundefined Offline
        Vania
        wrote on last edited by
        #3

        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:

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        • Renatoundefined Offline
          Renatoundefined Offline
          Renato
          wrote on last edited by
          #4

          A side effect or consequence of an industrial or commercial activity that affects other parties without this being reflected in the cost of the goods or services involved, such as the pollination of surrounding crops by bees kept for honey.

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