What is externalizing costs of production quizlet?

What is externalizing costs of production quizlet?

Externalized costs are costs of production that someone else pays essentially. For example, vegetables from California’s Central Valley are cheaper to buy in Pennsylvanian than local produce.

What is temporal externalization cost?

Temporal externalization. Describes the way in which costs are transferred from the current time period into another. Social contract.

What is externalization in business?

Externalization basically refers to sharing resources (business and technical) with partners, suppliers, channels and customers.

What is externalization in psychology?

Externalizing is a term used by mental health professionals to describe and diagnose psychiatric disorders featuring problems with self-control of emotions and behaviors.

What would be an example of externalizing costs?

Externalized costs are costs generated by producers but carried by society as a whole. For example, a factory may pollute water by dumping waste in the river without paying for it. Externalizing costs means companies show higher profits, but society is paying for them.

When a factory pollutes a river the cost and losses that affect people downstream would be called?

Cards

Term Ecology and economy are both derived from the Greek word “Oikos” meaning	Definition Household
Term when a factory pollutes a river, the costs and losses that affect people downstream would be called _____ costs.	Definition Incidental

Why do companies externalize?

Externalizing costs means companies show higher profits, but society is paying for them. Underpaying employees, leading to poverty and associated problems, is another example. The current shareholder and finance models reward companies for externalizing costs.

What means externalization?

In Freudian psychology, externalization (or externalisation) is an unconscious defense mechanism by which an individual projects their own internal characteristics onto the outside world, particularly onto other people.

Is OCD an internalizing disorder?

Although obsessive-compulsive disorder (OCD) has often been characterized as an internalizing disorder, some children with OCD exhibit externalizing behaviors that are specific to their OCD.

What is another word for externalize?

In this page you can discover 16 synonyms, antonyms, idiomatic expressions, and related words for externalize, like: embody, body forth, exteriorize, materialize, incarnate, manifest, objectify, personalize, personify, substantiate and substitute.

What do you mean by externalized costs in economics?

What are Externalized Costs? Externalized costs are negative impacts associated with economic transactions which concern people outside of those transactions, meaning that neither the buyer nor the seller bears the brunt of the costs.

Why are externalized costs not recorded on balance sheet?

Economists call that externalizing costs, and it’s how corporations hide the true cost of making and selling cheap stuff — costs that are never recorded on the balance sheets and consumers never see.

Why is the internalization of all costs important?

The internalization of all costs is simply the economic embodiment of that principle of interbeingness: “As I do unto others, so I do unto myself.” Internalizing costs also reflects the perceptions of a gift culture.

How does externalization of costs affect the price of lettuce?

Since producers are not liable to pay the current and future costs of aquifer depletion, pesticide poisoning, soil salinization, and other effects of their farming methods, these costs do not contribute to the price of a head of lettuce. Moreover, the cost of trucking produce across the continent is also highly subsidized.