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词汇 social-cost
释义 social cost
noun[ U ]
 SOCIAL RESPONSIBILITYukus
a bad effect that a business, activity, etc. has on people, society, or the environment:
The social cost of the financial crisis has been unacceptably high.
The company has been keen to point out the social cost of a takeover - 10,000 to 12,000 jobs could go in the restructuring.

Examples of social cost


social cost
Consequently, the marginal socialcost of the last unit produced will exceed its marginal social benefit.
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Negative externalities (external costs) lead to an over-production of those goods that have a high socialcost.
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Implicitly, then, the property developer would erect street lights until the marginal social benefit met the marginal socialcost.
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Therefore, any of the above sequencing approach would always generate a socialcost due to the incoherence between reforms in these two sectors.
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Examining the relevant diagram we see that such production creates a socialcost curve that is less than that of the private curve.
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It regularly monitors a range of indicators in the education area and prepares reports on economic and socialcost of illiteracy.
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Without an adequate reform in social safety nets, a socialcost is incurred in which there is a drastic drop in welfare in the medium-run.
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Socialcost is also considered to be the private cost plus externalities.
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In the presence of negative externalities, the socialcost of a market activity is not covered by the private cost of the activity.
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Wikipedia

This example is from Wikipedia and may be reused under a CC BY-SA license.
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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