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Related to External cost: External Benefit, Private cost


n. pl. ex·ter·nal·i·ties
a. The condition or quality of being external or externalized.
b. Something that is external.
2. A cost or benefit that affects people other than those involved in the economic activity that produced it and that is not reflected in prices: pollution and other negative externalities.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.


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
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014


(ˌɛk stərˈnæl ɪ ti)

n., pl. -ties.
1. the state or quality of being external or externalized.
2. something external.
4. an often unforeseen external effect accompanying a process.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
ThesaurusAntonymsRelated WordsSynonymsLegend:
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"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
Despite traction, direct sourcing is still in its infancy, allowing new money to share in top-line and margin benefits ahead, Matuszewsk tells investors in a research note titled "Look Under The Hood: Sourcing Engine To Triple & Units Nearly Double In 3 Years." He believes penetration could reach 33% as early as mid-fiscal 2022 and should "amplify" At Home Group's value proposition with lower prices, subsidize marketing spend, and offset external cost pressures.
Researchers categorise cost into the internal and external cost of transport.
These costs usually termed as external cost comprise of (for transport sector) air pollution, congestion, noise and traffic accidents [Janic (2007)].
Trends in ship operating costs are heavily linked to developments in the wider shipping market, external cost pressures notwithstanding.
The external cost of power generation by fossil fuels, mostly related to the environment and public health, has been shown to be the same or more than the cost of generating electricity by solar power, said an industry expert.
According to him, the external cost of power generation by fossil fuels, mostly related to the environment and public health, has been shown to be the same or more than the cost of generating electricity by solar power.
Third, taxes on fossil fuels serve as a 'pollution tax' that accounts for the external cost to society of increased carbon emissions into the atmosphere-the established key cause of climate change-resulting from use of such fuels.
This may also result in a reduction in the external cost incurred by using private vehicles (e.g., environmental pollution, congestion, and fuel consumption) and enhance the efficiency and safety of the transportation system in urban areas.
Although a significant research effort in measuring external costs caused by electricity production has been made (European Commission, 1998; Krewitt, 2002; European Commission, 2003; Markandya, 2003; European Commission, 2005), the implementation of appropriate internalization strategies is still hampered by a lack of reliable external cost data (Krewitt, 2002).
The Court adjusted to a restrictive rule for such searches in light of that change, requiring the government to prove an expected benefit before imposing the greater external cost.
In both cases, the external costs are evaluated as the product of the average amount of energy required for picking up one item and the unitary external cost [[euro]/kWh].
Intermodal transport, external cost, carbon tax, emission trading scheme, linear and nonlinear program

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