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LSDefine

Simple English definitions for legal terms

external obsolescence

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A quick definition of external obsolescence:

External obsolescence is when something becomes outdated or less useful due to external factors, such as changes in technology or regulations. This can cause a decrease in value or demand for the item. It is different from physical deterioration and can affect things like property or consumer goods.

A more thorough explanation:

Definition: External obsolescence is a type of obsolescence that occurs due to external economic factors, such as decreased demand or changed governmental regulations.

Explanation: Obsolescence refers to the process or state of falling into disuse or becoming obsolete. External obsolescence occurs when external economic factors, such as changes in demand or regulations, make a property less valuable or useful. This is different from physical deterioration, which is the result of wear and tear over time.

Examples: An example of external obsolescence is when a factory located in a small town loses business due to changes in regulations that make it more expensive to operate. Another example is when a shopping mall loses customers due to the opening of a new mall in a nearby area.

Illustration: Imagine a small town that has a factory that produces a specific type of product. The factory has been in operation for many years and has provided jobs for many people in the town. However, due to changes in regulations, the cost of operating the factory has increased significantly. As a result, the factory is no longer profitable and is forced to shut down. This is an example of external obsolescence because the factory has become less valuable and useful due to external economic factors.

externality | external sovereignty

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ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
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