Meaning External cost
What does External cost mean? Here you find 4 meanings of the word External cost. You can also add a definition of External cost yourself
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External costA cost that's not included in the market price of a good because it's not included in the supply price. Pollution is an example of an external cost if producers aren't the ones who suff [..]
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External costA negative (i.e., harmful) externality.
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External costcost of production or consumption that must be borne by society; not by the producer.
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External costAn external cost is a cost not included in the market price of the goods and services being produced, i.e. a cost not borne by those who create it.
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