Private and Social Costs

Apr

11

2016

Private cost is a producer’s or supplier’s cost of providing goods or services. It includes internal costs incurred for inputs, labor, rent, and depreciation but excludes external costs incurred as environmental damage.However, social cost is the expense to an entire society resulting from a news event, an activity or a change in policy.

Tags: , ,

In: Paragraphs Asked By: [75 Blue Star Level]

Comments are closed.

Review this Essay

You must be Logged In to post an Review.

Not a member yet? Sign Up Now »

Star Points Scale

Earn points for Posting and Reviewing Essays!

Grey Sta Levelr [1 - 25 Grey Star Level]
Green Star Level [26 - 50 Green Star Level]
Blue Star Level [51 - 500 Blue Star Level]
Orange Star Level [501 - 5000 Orange Star Level]
Red Star Level [5001 - 25000 Red Star Level]
Black Star Level [25001+ Black Star Level]