externality

Meaning

1. (uncountable) The state of being external or externalized.
2. (countable) A thing that is external relative to something else.
3. (countable) An impact, positive or negative, on any party not involved in a given economic transaction or act.

Synonyms

outwardness

appearance

exterior

outside

exteriority

third party effect

Translations

externalité

externalidad

externalitat

esternalità

esteriorità

uiterlijk

externalidade

externalidades

effet externe

externe Effekte

εξωτερικότητα

extériorité

أثر خارجي: أثر عوامل خارجية

Pronounced as (IPA)

/ɛkstəˈnælɪti/

Etymology

From external + -ity. In the economic sense coined by British economist Alfred Marshall in 1890.