Externalities can be considered as unpriced components that are involved in either consumer or producer consumption. Air pollution from motor vehicles is one example. The cost of air …

It is the object's externality that constitutes its very essence as an object that we can perceive. How can we perceive the externality of objective reality in a representation that lacks this …

Aug 10, 2025 · An externality occurs when an activity by one party causes a cost or benefit to another party. These effects can be either negative or positive. A negative externality imposes …

ents intervene in the economic sphere. Most externalities fall into the category of so-called techni-cal externalities; that is, the indirect effects have an impact on the consumption and production …

The effect of a market exchange on a third party who is outside or “external” to the exchange is called an externality. Because externalities that occur in market transactions affect other …

Externalities are an important concept in economics that describe the unintended consequences of economic activities on third parties who are not directly involved in the transaction or activity.

Externalities occur when producing or consuming a good cause an impact on third parties not directly related to the transaction. Externalities can either be positive or negative. They can …

Jun 17, 2025 · An externality is a cost or benefit that arises from the production or consumption of a good or service that affects third parties, either positively or negatively, without being …

Definition of externality noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.

An externality occurs whenever the activities of one economic agent affect the activities of another agent in ways that do not get reflected in market transactions.