externality

Plural: externalities

Noun

• the quality or state of being outside or directed toward or relating to the outside or exterior
• The state of being external or externalized.
• A thing that is external relative to something else.
• An impact, positive or negative, on any party not involved in a given economic transaction or act.

Examples

• "Waste is a negative externality arising from consumption."

Synonyms

outwardness

Antonyms

inwardness

Related Words

collateral damage