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Social cost |
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Social costThe cost to society as a whole from an event, action, or policy change. Includes negative externalities and does not count costs that are transfers to others, in contrast to private cost.Similar MatchesSocial indifference curveSocial indifference curveA curve showing the combinations of goods that, when available to a country, yield the same level of social welfare. Social security disability income insuranceSocial security disability income insuranceInsurance which provides income to disabled people incapacitated for one year or more. Benefits are payable up to the person's death. Conservative Social Welfare FunctionConservative Social Welfare FunctionA social welfare function that takes special account of the costs to individuals of losing relative to the status quo, and that therefore seeks to avoid large losses to significant groups within the population. Due to Corden (1974). Social welfare functionSocial welfare functionA function mapping allocations of goods to the individuals in an economy to a level of welfare for the economy as a whole. If it depends only on the levels of utility of the individuals rather than separately on the allocations, then it is a Bergsonian social welfare function. Socially conscious mutual fundSocially conscious mutual fundA mutual fund that does not invest in companies that have interests in socially unacceptable markets or produce harmful products or by-products, such as high levels of environmental pollution. Further SuggestionsSocial Security benefitsSocial dumping social security tax Bergsonian social welfare function Social benefit Social Security Disability Income Insurance |
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