Externality

{
  "id": "MLC-T-ENV-010545",
  "term": "Externality",
  "field": "Environment",
  "definition": "1. A consequence of an economic activity that is experienced by unrelated third parties. An externality can be either positive (such as a scenic view) or negative (such as pollution).\n\n2. Occurs when the actions of one individual (or firm) have a direct, unintentional and uncompensated effect on the well-being of other individuals or the profits of other firms.",
  "subject": "Ecosystems",
  "references": [
    "Core Ecosystem Services Research Program Standard Lexicon",
    "Preparing Economic Analyses Glossary; Economic Analyses Glossary"
  ],
  "url": "https://mlchart.com/terminology/environment/externality/"
}