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Related to Market externality: Positive externality


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.


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


(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.
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"
References in periodicals archive ?
Judicial review of such zoning decisions should also hold the local government accountable for the potential threat of "regulatory opportunism," in which a certain municipality simply seeks to shoulder a specific negative market externality on the residents of adjacent localities.
Carbon emissions are a market externality that distorts the true cost of production.
The greatest manifestation of a market externality from burning coal is the heat trapping gasses (Greenhouse gases such as carbon dioxide) which are emitted from it in such quantities that they are now interfering with the stability of our entire climate system.
These NOx and SOx programs implemented market-based solutions to manage air pollution, which previously had been a classic market externality managed only through environmental regulation.
This is the thick market externality. An example of such a cost is a fixed cost paid to service each customer in a firm's market area.