TERMIUM Plus®

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NEGATIVE EXTERNAL EFFECT [1 record]

Record 1 2015-04-21

English

Subject field(s)
  • Economic Geography
  • Economic Planning
DEF

... costs which accrue to society from consumption and production in addition to the direct costs to the individual consumer and producer ... Pollution of the environment is a cost to society, but is not generally included in the private costs of production and is not reflected in the market price of goods and services.

French

Domaine(s)
  • Géographie économique
  • Planification économique
CONT

[...] d'autres formes de lacune du marché [...] [comprennent] tout particulièrement les externalités, ou économies et déséconomies externes. [...] une externalité existe lorsque l'activité d'une personne (sa production ou consommation de quelque bien ou service) affecte la fonction d'utilité ou de production d'une deuxième personne.

Spanish

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