externality externality

Definition(s):

  • (n) the quality or state of being outside or directed toward or relating to the outside or exterior

Usage(s):

  • Positive externality: Maureen Dowd and Chris Matthews simultaneously explode upon announcement.

News

  • Germantown Library Without Power For Five Weeks

    Germantown Public Library has been closed for five weeks making it externality hard for people in the job market.  Bruce Gordon reached out to find answers.
    on March 1, 2014     Source: FOX 29 Philadelphia

Quotes

  1. "The problem is CO2 is completely invisible to the economy. The economists call it an externality which means 'forget about it' and yet what we're forgetting about is posing a great unprecedented threat to the future of our civilization," Gore...
    on Dec 9, 2007 By: Al Gore Source: AFP

  2. "The end result is that insecure software is common," argued Schneier. "But because users, not software manufacturers, pay the price, nothing improves. Making software manufacturers liable fixes this externality"
    on Oct 20, 2005 By: Bruce Schneier Source: ZDNet UK

  3. Speaking at the China-Europe Business Meeting in Frankfurt, Trichet said an undervalued exchange rate can pose "a negative externality to producers in other countries."
    on Nov 8, 2007 By: Jean-Claude Trichet Source: FXstreet.com The Foreign Exchange Market

Word of the Day
affectation affectation
/ˌæ fɛk ˈteɪ ʃən /