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externality

   Also found in: Medical, Financial, Wikipedia, Hutchinson 0.04 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.
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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No known study, however, has quantified this positive externality, and critics argue that temporary reverse transfer students are "taking over" academic courses and that post-baccalaureate reverse transfer students are "crowding out" traditional students from vocational programs (Townsend & Dever, 1999; Townsend & Lambert, 1999; Townsend, 2001b).
Were it not for the inherent subjectivism of these matters, we would be tempted to claim that public education is an externality all right, but a negative not a positive one.
An example of a negative externality is when a manufacturer pollutes, creating an external cost--the harm caused by the pollution--borne by the people living nearby.
 
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