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Bookmark or Share- Externality - WikipediaIn economics, an externality or external cost is an indirect cost or benefit to an uninvolved third party that arises as an effect of another party's (or parties') activity. Externalities can be considered as unpriced components that are involved in either consumer or producer market transactions.
- Externalities - EconlibExternalities are frequently used to justify the government’s ownership of industries with positive externalities and prohibition of products with negative externalities. Economically speaking, however, this is overkill.
- Externality: What It Means in Economics, With Positive and Negative ...What Is an Externality? An externality is a cost or benefit that is caused by one party but financially incurred or received by another. Externalities can be...
- Externality - Definition, Categories, Causes and SolutionsWhat is an Externality? An externality is a cost or benefit of an economic activity experienced by an unrelated third party. The external cost or benefit is not reflected in the final cost or benefit of a good or service.
- What Is an Externality? - ThoughtCoExternalities, then, are spillover effects that fall on parties not otherwise involved in a market as a producer or a consumer of a good or service. Externalities can be negative or positive, and externalities can result from either the production or the consumption of a good, or both.
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