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external keypad

Comprehensive Analysis

1) "External" -- As to external keypad 1ex·ter·nal Pronunciation: ek-'st&r-n&l Function: adjective Etymology: Latin externus external, from exter -- more at EXTERIOR 1 a : capable of being perceived outwardly <external signs of a disease> b (1) : having merely the outward appearance of something : SUPERFICIAL (2) : not intrinsic or essential <external circumstances> 2 a : of, relating to, or connected with the outside or an outer part <the building's external features> b : applied or applicable to the outside <a lotion for external use> 3 a (1) : situated outside, apart, or beyond; specifically : situated near or toward the surface of the body (2) : arising or acting from outside <an external force> b : of or relating to dealings or relationships with foreign countries c : having existence independent of the mind <external reality> - ex·ter·nal·ly /-n&l-E/ adverb Pronunciation Symbols In economics, an externality is a cost or benefit from an economic transaction that parties "external" to the transaction receive. Externalities can be either positive, when an external benefit is generated, or negative, when an external cost is imposed upon others. An externality occurs when a decision causes costs or benefits to third parties (stakeholders), often, though not necessarily, from the use of a public good (for example, production which causes pollution may impose costs on others, making use of the public good air). In other words, the participants do not bear all of the costs or reap all of the gains from the transaction. As a result, in a competitive market too much or too little of the good may be produced and consumed from the point of view of society, depending on incentives at the margin and strategic behavior. If third parties benefit substantially, such as in areas of education or safety, then the good will be under-provided (or under-consumed); if costs to "the public" exceed costs to the individual(s) making the choice in areas such as pollution then the good will be over-provided, from society's point of view. The "point of view" is specified as the greatest collective economic utility for society. This should be contrasted with purely private economic agreements that do not affect third parties, where the assumption may be made that, if each party is acting in his or her own interests (as defined by utility) and there are no other major market failures, the agreement or exchange improves overall utility for society. Put more simply, if an economic transfer between two parties enhances the utility of both without negatively affecting the utility of any third party, the well being (collective utility) of society is improved; if the utility of others is harmed, it is no longer unambiguously clear that society's collective utility has increased, and may have decreased. 1 Implications 2 Types of externalities 3 Externalities in supply and demand ..." 2) "Keypad" -- As to external keypad key·pad Pronunciation: 'kE-"pad Function: noun : a small often handheld keyboard Pronunciation Symbols A keypad is a set of buttons arranged in a block which usually bear digits and other symbols but not a complete set of alphabetical letters. If it mostly contains numbers then it can also be called a numeric keypad. Keypads are found on many alphanumeric keyboards and on other devices such as calculators, combination locks and telephones which require largely numeric input. A telephone keypad A computer keyboard usually contains a small numeric keypad with a calculator-style arrangement of buttons duplicating the numeric and arithmetic keys on the main keyboard to allow efficient entry of numerical data. This number pad (commonly abbreviated to "numpad") is usually positioned on the right side of the keyboard because most people are right handed. Many laptop computers have special function keys which turn part of the alphabetical keyboard into a numerical keypad as there is insufficient space to allow a separate keypad to be built into the laptop's chassis. Separate plug-in keypads can be purchased. A calculator By convention, the keys on calculator-style keypads are arranged such that 123 is on the bottom row. In contrast, a telephone keypad has the 123 keys at the top. It also has buttons labelled * (star) and # (number sign, or "hash") either side of the zero. Most of the keys also bear letters which have had several auxiliary uses, such as remembering area codes or whole telephone numbers. The keypad of a calculator contains the digits 0 through 9, together with the four arithmetic operations, the decimal point and other more advanced functions. Keypads are also a feature of some combination locks. This type of lock is often used on doors, such as that found at the main entrance to some offices. Computer keyboard Telephone keypad ..." 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