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Definitions from WordNet

Definitions from the Web

Externalities

Description:

Externalities refer to the costs or benefits that are imposed on individuals or parties other than those directly involved in a transaction or activity. They are the unintended consequences, both positive and negative, that arise as a result of economic activities.

Sample sentences:

1. The factory's pollution is an example of a negative externality on the surrounding environment.
2. When a company invests in employee training, it can have positive externalities such as improved productivity and efficiency.
3. The construction of a new park had positive externalities for the local community, as it increased property values and provided recreational opportunities.
4. Reducing carbon emissions would lead to global positive externalities by mitigating climate change and preserving the environment.

Related products:

Explore the following related products on Amazon:

• Books on Externalities in Economics
• Products related to Environmental Externalities
• Items highlighting Positive Externalities