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externality
(redirected from External costs)

   Also found in: Financial, Wikipedia 0.01 sec.
ex·ter·nal·i·ty  (kstr-nl-t)
n. pl. ex·ter·nal·i·ties
1. The condition or quality of being external or externalized.
2.
a. Something that is external.
b. An incidental condition that may affect a course of action: "Our economic system treats environmental degradation as an externalitya cost that does not enter into the conventional arithmetic that determines how we use our resources" (Barry Commoner).

externality [ˌɛkstɜːˈnælɪtɪ]
n pl -ties
1. the state or condition of being external
2. something external
3. (Philosophy) Philosophy the quality of existing independently of a perceiving mind
4. (Economics) an economic effect that results from an economic choice but is not reflected in market prices
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.externality - the quality or state of being outside or directed toward or relating to the outside or exterior; "the outwardness of the world"
worldliness - concern with worldly affairs to the neglect of spiritual needs; "he disliked the worldliness of many bishops around him"
spatial relation, position - the spatial property of a place where or way in which something is situated; "the position of the hands on the clock"; "he specified the spatial relations of every piece of furniture on the stage"


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Adding up all these external costs and dividing by spending on alcohol consumption, drunk driver risks appear to warrant an alcohol tax of roughly 30 percent of pre-tax prices.
The more successful sales you produce, the less of your profits will be taken away by external costs.
The plan slashes capacity, payrolls, purchases and external costs, and calls for a review of scheduled investments," it said.
 
 
 
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