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Externality
(redirected from externalities)

    Also found in: Dictionary/thesaurus, Medical, Wikipedia 0.01 sec.
Externality
The cost or benefits of a transaction to parties who do not directly participate in it. Externality can be either positive or negative. For example, a merger can lead to higher share prices and bonuses for employees, benefiting shareholders and employees at the two companies merging, This can create wealth and positively impact a community. On the other hand, the merger can drive a competitor out of business, which results in layoffs and reduced wealth, which can hurt a community. Externality is also called spillover or the neighborhood effect. See also: External benefit, External cost.
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Externalities aside, the desirability of partly financing government through alcohol taxes depends on the economic costs of alcohol taxes compared with other taxes, such as income and payroll taxes.
Should alcohol taxes be raised? Alcohol tax rates have fallen by half ... by Parry, Ian W.H. / Regulation
These externalities are treated as rare occurrences in economic theory, but the reality of the business world is that external effects of our actions are everywhere.
External damnation: companies are designed for destruction by Larson, Rob / The Humanist
The claim that nuclear power would be less expensive than coal was as wrong then as it clearly is today, if account is taken of the externalities of nuclear generation.
Letter: Your Say - IF WE cast our minds back 25 years by Evening Gazette (Middlesbrough, England)
 
 
 
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