What does Externality mean?
A cost or benefit caused by a producer or consumer that is not financially incurred or received by them.
Pollution from a factory is a classic example of a negative Externality.
Externality in German, French, Spanish and Italian
GermanExternalität
also Externer Effekt
Auswirkungen auf Unbeteiligte, die nicht im Preis enthalten sind.
FrenchExternalité
Effet d'une activité économique sur un tiers sans compensation.
SpanishExternalidad
Efecto secundario de una actividad que no se refleja en los precios.
ItalianEsternalità
Effetto dell'azione di un soggetto sul benessere di altri.
Common phrases with Externality
- negative externality
- positive externality
- market failure externality
Synonyms and opposites for Externality
- Synonym Spillover effect