What is the definition of Real externalities? | Dictionary.net

REAL EXTERNALITIES

\ɹˈi͡əl ɛkstˈɜːnˈalɪtiz], \ɹˈi‍əl ɛkstˈɜːnˈalɪtiz], \ɹ_ˈiə_l ɛ_k_s_t_ˈɜː_n_ˈa_l_ɪ_t_i_z]\

Definitions of REAL EXTERNALITIES

1910 - Black's Law Dictionary (2nd edition)

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An effect of production or transactions on outside parties that affects the output of something that is entering their production or utility functions directly, none of which have invited these effects

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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