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

Life has no meaning unless one lives it with a will, at least to the limit of one's will. Virtue, good, evil are nothing but words, unless one takes them apart in order to build something with them; they do not win their true meaning until one knows how to apply them.
Paul Gauguin