Externality in a sentence
Synonym: impact.
Meaning: A consequence of an economic activity that affects third parties; often discussed in economics.
(1) Pollution is an example of a negative externality.
(2) The cost of pollution is an example of an externality.
(3) The concept of externality is often discussed in economics.
(4) The benefits of education can be considered an externality.
(5) The impact of deforestation on biodiversity is an externality.
(6) The effects of secondhand smoke on non-smokers is an externality.
(7) The benefits of a well-maintained public park are an externality.
(8) The impact of traffic congestion on air quality is an externality.
(9) The impact of noise pollution on nearby residents is an externality.
(10) The impact of climate change on global food production is an externality.
Externality sentence
(11) The benefits of a vaccination program on public health are an externality.
(12) The benefits of a new business opening in a neighborhood are an externality.
(13) The cost of pollution is an example of an externality that affects society as a whole.
(14) Education is an example of a positive externality that creates internalities for society.
(15) Smoking is an example of a negative externality that creates internalities for the smoker.
(16) Traffic congestion is an example of a negative externality that affects everyone on the road.
(17) When a company dumps waste into a river, it creates a negative externality for the surrounding community.
(18) The positive externality of vaccination is that it not only protects the individual but also contributes to herd immunity.
Externality meaning
Externality is a term used in economics to describe the impact of an economic activity on a third party who is not involved in the transaction. It refers to the unintended consequences of an economic activity that affect individuals or groups who are not directly involved in the activity.
For example, pollution from a factory can have negative effects on the health of people living nearby, even if they are not employed by the factory. If you are looking to use the word externality in a sentence, there are a few tips that can help you to do so effectively. Here are some suggestions:
1. Understand the meaning of the word: Before you attempt to use the word externality in a sentence, it is important to have a clear understanding of what it means. Take some time to research the term and read examples of how it has been used in context. This will help you to use the word correctly and avoid any confusion or misunderstandings.
2. Use the word in the appropriate context: Externality is a technical term that is primarily used in the field of economics. As such, it is important to use the word in the appropriate context.
For example, you might use the word in a sentence discussing the impact of a new tax policy on externalities such as pollution or traffic congestion.
3. Provide context for the reader: When using a technical term like externality, it is important to provide context for the reader. This might involve explaining the concept in more detail or providing examples of how it has been used in other contexts. By doing so, you can help the reader to better understand the meaning and significance of the word.
4. Use the word sparingly: While it can be tempting to use technical terms like externality frequently, it is important to use them sparingly. Overuse of technical jargon can make your writing difficult to understand and may alienate readers who are not familiar with the terminology. Instead, focus on using the word in a few key places where it is most relevant and necessary.
5. Consider your audience:
Finally, when using the word externality in a sentence, it is important to consider your audience. If you are writing for a technical audience, you may be able to use the word more freely. However, if you are writing for a general audience, you may need to provide more context and explanation to ensure that the reader understands the meaning of the term.
In conclusion, externality is a technical term that can be used effectively in a variety of contexts. By following these tips, you can use the word in a way that is clear, concise, and appropriate for your audience. Whether you are writing an academic paper, a business report, or a blog post, the word externality can help you to convey complex economic concepts in a clear and concise manner.
The word usage examples above have been gathered from various sources to reflect current and historical usage of the word Externality. They do not represent the opinions of TranslateEN.com.