Title English:
social cost
Definition English:
The expense to an entire society resulting from a news event, an activity or a change in policy. When assessing the overall impact of its commercial actions in terms of social costs, a socially responsible business operator should take into account its own production expenses, as well as any indirect expenses or damages borne by others.
Title Arabic:
كلفة اجتماعية
Domain:
Economic Development
Subject:
Economic Analysis
InformationType:
Term
SourceSymbol:
language staff
Link: