Social cost
id:
social-cost-185-5282037
title:
Social cost
text:
Social cost in neoclassical economics is the sum of the private costs resulting from a transaction and the costs imposed on the consumers as a consequence of being exposed to the transaction for which they are not compensated or charged. In other words, it is the sum of private and external costs. This might be applied to any number of economic problems: for example, social cost of carbon has been explored to better understand the costs of carbon emissions for proposed economic solutions such as
brand slug:
wiki
category slug:
encyclopedia
description:
Concept in neoclassical economics
original url:
https://en.wikipedia.org/wiki/Social_cost
date created:
2004-01-09T12:21:16Z
date modified:
2024-09-07T21:07:55Z
main entity:
{"identifier":"Q2300947","url":"https://www.wikidata.org/entity/Q2300947"}
image:
fields total:
13
integrity:
15