EXTERNALITY An externality is a consequence of an economic transaction that affects a third party not directly involved, resulting in either positive or negative effects on society.
The word EXTERNALITY can be used in various contexts in written and spoken English. As a valid Scrabble word, it represents a legitimate part of the English lexicon, even if it may not be commonly used in everyday conversation.
Understanding words like EXTERNALITY helps expand your vocabulary and appreciation for the diversity of the English language. Many words in the Scrabble dictionary come from specialized fields, historical periods, or other languages, showing how English continues to evolve and incorporate new terms.
Word: EXTERNALITY
Length: 11 letters
Dictionary: Valid in TWL and SOWPODS
Status: Official Scrabble word
The word EXTERNALITY can be used in various contexts. As a valid Scrabble word, it can be played on the Scrabble board according to standard game rules.