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externality
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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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In health care, the uninsured create negative externalities.
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The government should intervene when there are positive or negative externalities ("neighborhood effects") and when strictly voluntary exchange is impossible.
The treatment of the role of government in high school economics ... by Lopus, Jane S.; Paringer, Lynn; Leet, Don R. / Journal of Private Enterprise
 
 
 
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