Search results
We did not find results for: environmental externality definition.
Check spelling or type a new query.
We did not find results for: environmental externality definition.
Check spelling or type a new query.
Impact on any party not involved in a given economic transaction or act
In economics, an externality or external cost is an indirect cost or benefit to an uninvolved third party that arises as an effect of another party's (or parties') activity. Externalities can be considered as unpriced components that are involved in either consumer or producer market transactions. Air pollution from motor vehicles is one example. The cost of air pollution to society is not paid by... Wikipedia