social cost
Definition
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.
Related Articles
- Treasury Bonds *
- Fundamental Analysis *
- Introduction to Futures and Futures Trading *
- "Buy Straddle" Option Investment Strategy *
- Planning for your Child's Future *
- Common Forex Scams *
- Business Finance 101 *
- Introduction to Banking *
Related Videos
http://www.businessdictionary.com/definition/social-cost.html
