Business Terms and Jargon Explained
What is ExternalityAn externality exists when the production or consumption of a good directly affects business or consumers not involved in buying and selling it and when those effects are not fully reflected in market prices.
© Crown Copyright. Material taken from HM-Treasury. Reproduced under the terms and conditions of the Click-Use Licence.
<- Go Back
Business Terms Home page
Search Jargon and Terms Database
A B C D E F G H I J K L M N
O P Q R S T U V W X Y Z
Term created / updated 2007-03-16 15:58:23
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.
Copyright © 2004-2020 Scopulus Limited. All rights reserved.