"Externality" Pronounce,Meaning And Examples

"Externality" Natural Recordings by Native Speakers

Externality

"Externality" Meaning

A term in economics and philosophy, "externality" refers to a consequence of an economic activity or policy that affects an individual or group outside of the market transaction. It can be either a positive or negative impact.

"Externality" Examples

Externality Examples

1. Environmental Externality

The construction of a new factory will have a negative externality on the local environment, causing air and water pollution.

2. Positive Externality

The development of a new park in the city will have a positive externality on the local residents, providing them with a green space to relax and exercise.

3. Economic Externality

The introduction of a new public transportation system will have an economic externality on the business owners, making it easier for customers to reach their stores.

4. Social Externality

The construction of a new homeless shelter will have a social externality on the local community, providing a safe haven for those in need.

5. Technological Externality

The development of a new smartphone will have a technological externality on the global market, driving innovation and pushing the boundaries of what is possible.

"Externality" Similar Words

Exterminators

External

Externalisation

Externalise

Externalised

Externalised refers to something that has been moved or transferred outside of a specified area, boundary, or system. This can apply to various contexts, such as: In psychology, externalised behaviour or emotions occur when an individual expresses or acts out their feelings or problems outside of themselves, rather than confronting them internally. In economics, externalised costs or benefits refer to expenses or advantages that are born by third parties, beyond the immediate economic or financial system. In philosophy, externalised consciousness suggests the idea that one's consciousness or awareness exists independently of the physical world or the mind. In general, externalised implies a transfer or movement of something from an internal or enclosed space to an external or open one, often with significant consequences or implications.

Externalises

Externalises is a verb that means to transfer or attribute one's own unacceptable or unacknowledged thoughts, feelings, or impulses to someone or something outside of oneself, often unconsciously. It can also refer to the act of expressing or manifesting one's internal emotions or conflicts in a way that is observable or tangible to others, rather than keeping them internalised. For example, "She externalises her anxiety by biting her nails" or "He externalises his anger by yelling at others".

Externalising

Externalising refers to the process of transferring or placing blame, feelings, or thoughts onto someone or something outside of oneself, often as a way to avoid taking personal responsibility for one's actions or emotions. It can also refer to the tendency to express internal feelings or conflicts through external actions or manifestations, such as through aggressive behavior, substance abuse, or other forms of acting out. In psychological terms, externalising is often a coping mechanism used by individuals who have difficulty recognizing, accepting, or expressing their emotions in a healthy manner.

Externalities

Externalities refer to the unintended and external consequences or costs that arise from a particular economic activity or policy decision. They can be either positive or negative and affect third parties who are not directly involved in the activity or decision. For instance, the negative externality of pollution from a factory can affect nearby residents and the environment, while a positive externality of a well-maintained park can benefit the community at large. The concept of externalities is often used to justify government intervention in the economy to internalize these external costs and benefits, ensuring a more efficient allocation of resources.

Externalization

Externalize

Externalized

Externalized: (adjective) caused to exist or appear outside or in a visible form; made manifest or tangible.