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| ex·ter·nal·i·ty [ èkstər nállətee ] (plural ex·ter·nal·i·ties) |
noun |
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1. quality of being external: the fact or quality of being external
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2. something outside or external: an outward form or appearance, or anything that is outside or external to somebody or something
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3. economics consequence of production ignored in pricing: a factor such as environmental damage that results from the way something is produced but is not taken into account in establishing the market price of the goods or materials concerned
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