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प्रश्न
Social cost refers to ______.
पर्याय
explicit cost and implicit cost
accounting cost
private cost + real cost
private cost + external cost
MCQ
रिकाम्या जागा भरा
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उत्तर
Social cost refers to private cost + external cost.
Explanation:
A good or service's entire cost to society as a result of its creation or use is referred to as its "social cost." It consists of:
- Private cost: The price paid by the manufacturer or buyer.
- External cost: Expenses incurred by others, such as traffic jams, pollution, etc.
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