Associations to the word «Externality»

Wiktionary

EXTERNALITY, noun. (uncountable) The state of being external or externalized.
EXTERNALITY, noun. (countable) A thing that is external relative to something else.
EXTERNALITY, noun. (economics) (countable) An impact, positive or negative, on any party not involved in a given economic transaction or act.

Dictionary definition

EXTERNALITY, noun. The quality or state of being outside or directed toward or relating to the outside or exterior; "the outwardness of the world".

Wise words

A word is not a crystal, transparent and unchanged; it is the skin of a living thought and may vary greatly in color and content according to the circumstances and time in which it is used.
Oliver Wendell Holmes, Jr.