4 ms·
ex·ter·nal·i·ty noun a side effect or consequence of an industrial or commercial activity that affects other parties without this being reflected in the cost
by laughinghan 7y ago
ex·ter·nal·i·ty
noun
a side effect or consequence of an industrial or commercial activity that affects other parties without this being reflected in the cost of the goods or services involved
(emphasis added)
https://www.google.com/search?q=define+externality https://www.google.com/search?q=define+externality
- cycrutchfield 7y agoOh wow, thanks. They must not have covered that topic in all of the Economics classes I took in college. Thank goodness you were here to regurgitate the definition of such a basic concept to me on this fateful day. I will be forever grateful.
- laughinghan 7y agoI was clarifying. Interesting that you clearly read this and the other reply yet you don't have a substantive response.
- cycrutchfield 7y agoBecause it’s silly. The cost of disposing of or recycling a cell phone is negligible compared to its margins. What are the margins on an iPhone?
- laughinghan 7y agoAre iPhones an example of planned obsolescence? I think of iPhones as much more durable than cheap Android phones. Don't you think those would be less cheap if it weren't "free" to toss them in 2 years?
- cycrutchfield 7y agoI thought that's what all the Apple-haters say online. They claim that iPhones are the epitome of planned obsolescense.