outwardness - Hutchinson encyclopedia article about outwardness Printer Friendly
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externality
(redirected from outwardness)

   Also found in: Dictionary/thesaurus, Wikipedia 0.06 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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