What is meant by social cost

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asked Mar 21, 2021 212k views

2 Answers

Nicolas Repiquet · Answer 1 · 2021-03-24T18:06:56+0000

Answer:

Social costs are private costs borne by individuals directly involved in a transaction together with the external costs borne by third parties not directly involved in the transaction.

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Christelle · Answer 2 · 2021-03-27T02:30:38+0000

Answer:

Social costs are private costs borne by individuals directly involved in a transaction together with the external costs borne by third parties not directly involved in the transaction.

Step-by-step explanation:

What is meant by social cost

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What is meant by social cost