Exchange Currency

externality

The side effect on an individual or entity due to the actions of another individual or entity. For example, the production of energy in a nuclear power plant benefits the owners of the power plant, but creates externalities in the form of radioactive waste for the environment and its inhabitants.

Related information about externality:
  1. Externality - Wikipedia, the free encyclopedia
    In economics, an externality, or transaction spillover, is a cost or benefit that is not transmitted through prices or is incurred by a party who was not involved as ...
     
  2. Externality - Dictionary Definition of Externality
    Definition: An externality is an effect of a purchase or use decision by one set of parties on others who did not have a choice and whose interests were not taken ...
     
  3. Externality Definition | Investopedia
    A consequence of an economic activity that is experienced by unrelated third parties. An externality can be either positive or negative.
     
  4. Externality
    Economics studies two forms of externalities. An externality is something that, while it does not monetarily affect the producer of a good, does influence the ...
     
  5. Externality: A Glossary of Political Economy Terms - Dr. Paul M ...
    Externality. A situation in which the private costs or benefits to the producers or purchasers of a good or service differs from the total social costs or benefits ...
     
  6. Externality - Merriam-Webster Online
    the quality or state of being external or externalized. 2. : something that is external. 3. : a secondary or unintended consequence <pollution and other ...
     
  7. Externality | Define Externality at Dictionary.com
    noun, plural ex·ter·nal·i·ties. 1. the state or quality of being external. 2. something external; an outward feature. 3. excessive attention to externals. 4. an external ...
     
  8. Externality - JStor
    Externality has been, and is, central to the neo-classical critique of ... In this paper , we propose to clarify the notion of externality by defining it rigorously and ...