externality C2 Topic:Law & Government US /ɛkstɚˈnælɪti/ UK /ɛkstəˈnælɪti/ See IPA manual Freq #391843 Meanings 1 noun The state of being external or externalized. But according to the theory of the externality of relations, terms acquire from their new relations an added character, which does not either condition, or necessarily alter, the character which they already possess. 2 noun An impact, positive or negative, on any party not involved in a given economic transaction or act. Waste is a negative externality arising from consumption. 3 noun the quality or state of being outside or directed toward or relating to the outside or exterior 4 noun A thing that is external relative to something else. Thesaurus Synonyms 3 noun · the quality or state of... outwardness Word family Derived forms nonexternality Etymology From external + -ity. In the economic sense coined by British economist Alfred Marshall in 1890. Topics Law & Government External links Cambridge Dictionary Wiktionary Google Images # externality **Type:** Word **Level:** C2 **Part of speech:** noun **IPA (US):** /ɛkstɚˈnælɪti/ **IPA (UK):** /ɛkstəˈnælɪti/ **Frequency rank:** 391843 ## Meanings 1. The state of being external or externalized. 2. An impact, positive or negative, on any party not involved in a given economic transaction or act. 3. the quality or state of being outside or directed toward or relating to the outside or exterior 4. A thing that is external relative to something else. ## Examples - But according to the theory of the externality of relations, terms acquire from their new relations an added character, which does not either condition, or necessarily alter, the character which they already possess. - Waste is a negative externality arising from consumption. ## Derived Forms - nonexternality ## Etymology From external + -ity. In the economic sense coined by British economist Alfred Marshall in 1890. ## Topics - Law & Government markdown