Externality

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Related to external: External locus of control

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.
References in periodicals archive ?
9 and India's external debt has remained within manageable limits as indicated by external debt-GDP ratio of 21.
Separate distinct gas pins are used for internal and external gas injection, but both are located on the core side of the mold.
All of these countries have shaky public finances and large external deficits that make them all too vulnerable to changed global conditions.
Both management and the external auditor must evaluate any internal control deficiencies that exist and quantify their severity Auditing Standard no.
Some carriers don't want to think of themselves as software developers, for instance, so many are beginning to find partners who are software developers to create external solutions," said Craig Weber, senior analyst for Celent LLC.
In addition, personal disaster recovery software should offer businesses other types of recovery mechanisms such as complete backup recovery from an existing static system image either stored on the same PC or on external media such as a USB-based external hard drive or stored across multiple CDs / DVDs which are self booting.
1 and consists of the permalloy shielding (79 HM), the external coil system and the sensor systems with the stabilization electronics.
One such meeting shall include separate sessions with the organization's management and external auditors;
Internal chills are placed internally at locations in the mold cavity that can't be reached with external chills.
A QI could request the IRS to waive an audit by an external auditor if (1) the QI maintains a substantial and independent internal audit staff and (2) its internal auditors have determined that the QI is in compliance with its agreement for each of three preceding years.
The market planning, logistics and customer-supplier interaction elements are where reliable, timely data exchange with external connectivity or supply chain systems is most important.