Definition of Externalities:
Factors whose benefits (called external economies) and costs (called external diseconomies) are not reflected in the market price of goods and services.
Externalities are a loss or gain in the welfare of one party resulting from an activity of another party, without there being any compensation for the losing party. Externalities are an important consideration in cost-benefit analysis.
The fact of existing outside the perceiving subject.
A consequence of an industrial or commercial activity which affects other parties without this being reflected in market prices, such as the pollination of surrounding crops by bees kept for honey.
Synonyms of Externalities
Consequence, Result, Upshot, Outcome, Out-turn, Effect, Repercussion, Reverberations, Sequel, Product, By-product, Spin-off, Conclusion, End, End result
How to use Externalities in a sentence?
- Some products have many externalities that can not be seen just by breaking down the cost to make and price to sell.
- Sometimes there are externalities that you just couldnt see coming and when one appears you must act quickly and accordingly.
- It is desire that opens up the moment of externality, or the reaching beyond the limits of the subject.
- The first is to address negative externalities that arent reflected in market prices.
- The externalities involved cannot be immediately accounted for in our report. There are a wide range of implications and ramifications likely to occur.
Meaning of Externalities & Externalities Definition