Looking for the meaning of the word EXTERNALITIES in English for both noun and verb forms from the Oxford Dictionary? Below, you can explore all possible meanings and definitions of EXTERNALITIES with sentence examples. You can also use the “AUDIO PRONUNCIATION” track to check the correct pronunciation in British English.
Word: Externality
Speech Type: Noun
ˌɛkstəːˈnalɪti
a consequence of an industrial or commercial activity which affects other parties without this being reflected in market prices, such as the pollination of surrounding crops by bees kept for honey.
Short Definition:consequence of industrial or commercial activity which affects other parties without this being reflected in market prices
the fact of existing outside the perceiving subject.
Short Definition:fact of existing outside perceiving subject
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