externality
/ˌɛkstərˈnæləti/
noun
- A side effect or consequence of an activity that affects other people without being reflected in the cost or price of that activity.
- The government introduced a tax to address the negative externality of carbon emissions.
- Pollution from the factory is a negative externality that harms the nearby community.
- When you get a vaccination, you create a positive externality by helping protect others from disease.
- The quality or state of being external or outside.
- The externality of the threat made it hard for the team to control.
- The externality of the noise meant it came from outside the building.
- Philosophers debate the externality of the physical world versus our perception of it.
Antonyms