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externality
(redirected from External cost)

    Also found in: Wikipedia 0.02 sec.

externality

The difference between the social cost or benefit of an economic activity and its private cost or benefit. For example, if a company pollutes the atmosphere but pays nothing to the government or the community for this, then the pollution becomes an externality.



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External expenses: Average external cost per claim incurred in investigating, adjudicating and managing disability claims in three categories: medical, vocational rehabilitation and surveillance; and
A new measuring stick: the performance management initiative is ... by Ayotte, Ray / Best's Review
The very fact that a construction consultancy -- comprising an external cost and project management group - has been brought into a retail construction team is a reflection of the breadth and scope of the work that is arriving in New York.
Past two years among most active for Gardiner & Theobald by Andrew, Jonathan / Real Estate Weekly
In fact, the literature is replete with process improvements and reengineering efforts driven by external cost demands.
The cost of poor quality: an opportunity of enormous proportions. ... by Hughes, Jay M. / Physician Executive
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