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externality

 
Dictionary: ex·ter·nal·i·ty   (ĕk'stər-năl'ĭ-tē) pronunciation
n., pl., -ties.
  1. The condition or quality of being external or externalized.
    1. Something that is external.
    2. An incidental condition that may affect a course of action: "Our economic system treats environmental degradation as an externality-a cost that does not enter into the conventional arithmetic that determines how we use our resources" (Barry Commoner).

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Geography Dictionary: externality
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A side-effect on others following from the actions of an individual or group. This effect is not bought by those affected and may be unwished for. Thus, while the acquisition of a car may benefit one household by improving mobility, it generates pollution and creates congestion for others.

Externalities may be positive—the building of a hall of residence may bring new business to a local shop—or negative—a new road scheme may create planning blight for home owners. Two types of externality are recognized: public behaviour externalities covering property, maintenance, crime, and public behaviour, and status externalities resulting from the social and ethnic standing of the household.

Veterinary Dictionary: externalities
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Side-effects, either harmful or beneficial, borne by those not directly involved in the production of a commodity.

WordNet: externality
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Note: click on a word meaning below to see its connections and related words.

The noun has one meaning:

Meaning #1: the quality or state of being outside or directed toward or relating to the outside or exterior
  Synonym: outwardness


 
 

 

Copyrights:

Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved.  Read more
Geography Dictionary. A Dictionary of Geography. Copyright © Susan Mayhew 1992, 1997, 2004. All rights reserved.  Read more
Veterinary Dictionary. Saunders Comprehensive Veterinary Dictionary 3rd Edition. Copyright © 2007 by D.C. Blood, V.P. Studdert and C.C. Gay, Elsevier. All rights reserved.  Read more
WordNet. WordNet 1.7.1 Copyright © 2001 by Princeton University. All rights reserved.  Read more