Meaning of externality
Pronunciation: (ek"stur-nal'i-tē), [key]
— pl. -ties.
- the state or quality of being external.
- something external; an outward feature.
- excessive attention to externals.
- an external effect, often unforeseen or unintended, accompanying a process or activity: to eliminate externalities such as air pollution through government regulation.
- externality (Thesaurus)