Externality

What is Externality?


1.

an externality is a cost or benefit resulting from an economic transaction that is borne or received by parties not directly involved in the transaction. Externalities can be either positive, when an external benefit is generated, or negative, when an external cost is imposed upon others

"The factor has negative externality on the environment"

See negative, cost, benefit


64

Random Words:

1. A way to refer to someone getting screwed over by getting an unpleasant task or sheer bad luck. Coined from the security guards from th..
1. A person who sucks the life or fun out of any situation. "Don't invite Sue to the party. She'll ruin it. She's such..
1. (verb) also zodified, zodifying, zodifies. 1) To create or enhance a game or application so that it can use all or many of the capabili..