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“externality”
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.
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-
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