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Externalities, Explained (When Is a Potato Chip Not Just a Potato Chip?)

97,197 views

Learn Liberty

Video Language:

  • English

Caption Language:

  • {{captionLanguage | language_name}} ({{captionLanguage}})

Accent:

  • English

Speech Time:

97%
  • 4:40 / 4:46

Speech Rate:

  • 137 wpm - Conversational

Category:

  • Education

Tags :

Intro:

Video Vocabulary

capture

/ˈkapCHər/

noun verb

action of capturing. To attract and hold e.g. interest, attention.

suppose

/səˈpōz/

verb

To imagine or guess what might happen.

affected

/əˈfektəd/

adjective verb

Putting on an act; not genuine. To cause a change in something else.

internalizing

/inˈtərnlˌīz/

verb

make attitudes or behaviour part of one's nature by learning or unconscious assimilation.

forward

/ˈfôrwərd/

adjective adverb noun verb

directed or facing towards front. towards front. attacking sports player. To send something to another address or person.

transaction

/tranˈzakSH(ə)n/

noun

An exchange in business usually involving money.

without

/wəˈT͟Hout/

adverb conjunction preposition

outside. without it being case that. in absence of.

negative

/ˈneɡədiv/

adjective exclamation noun verb

Being harmful, unwanted or unhelpful. no. word or statement expressing denial. refuse to accept.

between

/bəˈtwēn/

adverb preposition

in space separating things. at, into, or across space separating things.

exchange

/iksˈCHānj/

noun verb

Act of returning something to a store. To share (a look, a few words etc.).

externalities

/ˌekstərˈnalədē/

noun other

consequence of industrial or commercial activity which affects other parties without this being reflected in market prices. Quality or state of being outside or exterior.

crunching

/krən(t)SH/

verb

To chew noisily with a crackling sound.

solution

/səˈlo͞oSH(ə)n/

noun

Way to solve or deal with a problem.

selling

/sel/

verb

give or hand over something in exchange for money.

voluntarily

/ˌvälənˈterəlē/

adverb

of one's own free will.

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