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From Longman Business Dictionary
Related topics: Economics
externalityex‧ter‧nal‧i‧ty /ˌekstɜːˈnæləti-ɜːr-/ noun (plural externalities) [countable usually plural] ECONOMICS something that is not directly connected to an industrial process or economic activity but has an effect on itClean-air rules are all about what economists call externalities, with one person’s pollution causing problems for others.
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Word of day

July 20, 2025

bonsai
noun ˈbɒnsaɪ, ˈbəʊn-
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