You searched for: “externalities
externality (s) (noun), externalities (pl)
1. Ancillary effects of production or consumption for which no internal cost is incurred, typically when the actions of firms and individuals have an effect on others than themselves: The externality of the pollution of a river negatively affects the health of people living downstream more than those who are responsible for releasing the harmful material into the water.
2. A process having a positive effect on another group of citizens: The externalities of an investment by a nation to reduce its carbon dioxide emissions provides a more stable climate for other countries.
This entry is located in the following unit: extra, extra-, extro-, extr-, exter- (page 1)