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Internal means factors or components within a business that can be controlled and external is the exact opposite. External factors, economy, competitors etc... Internal means something done from the inside and external means the opposite, something done from the outside.
Freebase(0.00 / 0 votes)Rate this definition: Externalization means to put something outside of its original borders, especially to put a human function outside of the human body. The opposite of externalization is internalization.