Definition of Externality. Meaning of Externality. Synonyms of Externality

Here you will find one or more explanations in English for the word Externality. Also in the bottom left of the page several parts of wikipedia pages related to the word Externality and, of course, Externality synonyms and on the right images related to the word Externality.

Definition of Externality

Externality
Externality Ex`ter*nal"i*ty, n. State of being external; exteriority; (Metaph.) separation from the perceiving mind. Pressure or resistance necessarily supposes externality in the thing which presses or resists. --A. Smith.

Meaning of Externality from wikipedia

- economics, an externality is the cost or benefit that affects a party who did not choose to incur that cost or benefit. When there is no externality, allocative...
- External may refer to: External (mathematics), a concept in abstract algebra Externality, in economics, the cost or benefit that affects a party who did...
- A network effect (also called network externality or demand-side economies of scale) is the effect described in economics and business that an additional...
- A ****iary externality occurs when the actions of an economic actor cause an increase or decrease in market prices. For example, an influx of city-dwellers...
- Externalism is a group of positions in the philosophy of mind which argues that the conscious mind is not only the result of what is going on inside the...
- + Marginal External Costs (MEC). Social costs can be of two types -- Negative Production Externality and Positive Production Externality. Negative Production...
- allocation or outcome in the presence of externalities. The theorem states that if trade in an externality is possible and there are sufficiently low...
- External fixation is a surgical treatment used to stabilize bone and soft tissues at a distance from the operative or injury focus. They provide unobstructed...
- An external memory interface is a bus protocol for communication from an integrated circuit, such as a microprocessor, to an external memory device located...
- off." Common forms of market failure include externalities, non-excludability and non-rivalry. An externality exists when a person makes a choice that affects...
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