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externality
ex·ter·nal·i·ty E0297400 (ĕk′stər-năl′ĭ-tē)n. pl. ex·ter·nal·i·ties 1. a. The condition or quality of being external or externalized.b. Something that is external.2. A cost or benefit that affects people other than those involved in the economic activity that produced it and that is not reflected in prices: pollution and other negative externalities.externality (ˌɛkstɜːˈnælɪtɪ) n, pl -ties1. the state or condition of being external2. something external3. (Philosophy) philosophy the quality of existing independently of a perceiving mind4. (Economics) an economic effect that results from an economic choice but is not reflected in market pricesex•ter•nal•i•ty (ˌɛk stərˈnæl ɪ ti)
n., pl. -ties. 1. the state or quality of being external or externalized. 2. something external. 3. externalism. 4. an often unforeseen external effect accompanying a process. Thesaurus| Noun | 1. | externality - the quality or state of being outside or directed toward or relating to the outside or exterior; "the outwardness of the world"outwardnessworldliness - concern with worldly affairs to the neglect of spiritual needs; "he disliked the worldliness of many bishops around him"spatial relation, position - the spatial property of a place where or way in which something is situated; "the position of the hands on the clock"; "he specified the spatial relations of every piece of furniture on the stage" |
EncyclopediaSeeexternalExternality
ExternalityThe cost or benefits of a transaction to parties who do not directly participate in it. Externality can be either positive or negative. For example, a merger can lead to higher share prices and bonuses for employees, benefiting shareholders and employees at the two companies merging, This can create wealth and positively impact a community. On the other hand, the merger can drive a competitor out of business, which results in layoffs and reduced wealth, which can hurt a community. Externality is also called spillover or the neighborhood effect. See also: External benefit, External cost.externality
Synonyms for externalitynoun the quality or state of being outside or directed toward or relating to the outside or exteriorSynonymsRelated Words- worldliness
- spatial relation
- position
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