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- Q2300947 subject Q7416774.
- Q2300947 abstract "Social cost in economics may be distinguished from "private cost". Economic theorists model individual decision-making as measurement of costs and benefits. Social cost is also considered to be the private cost plus externalities. Rational choice theory often assumes that individuals consider only the costs they themselves bear when making decisions, not the costs that may be borne by others. With pure private costs, the costs carried by the individuals involved are the only economically meaningful costs. The choice to purchase a glass of lemonade at a lemonade stand has little consequence for anyone other than the seller or the buyer. The costs involved in this economic activity are the costs of the lemons and the sugar and the water that are ingredients to the lemonade, the opportunity cost of the labour to combine them into lemonade, as well as any transaction costs, such as walking to the stand.".
- Q2300947 thumbnail Social_cost_with_tax.svg?width=300.
- Q2300947 wikiPageWikiLink Q1139524.
- Q2300947 wikiPageWikiLink Q1654712.
- Q2300947 wikiPageWikiLink Q178598.
- Q2300947 wikiPageWikiLink Q183384.
- Q2300947 wikiPageWikiLink Q240673.
- Q2300947 wikiPageWikiLink Q275372.
- Q2300947 wikiPageWikiLink Q283380.
- Q2300947 wikiPageWikiLink Q36829.
- Q2300947 wikiPageWikiLink Q38427.
- Q2300947 wikiPageWikiLink Q46607.
- Q2300947 wikiPageWikiLink Q5289243.
- Q2300947 wikiPageWikiLink Q582249.
- Q2300947 wikiPageWikiLink Q597339.
- Q2300947 wikiPageWikiLink Q622657.
- Q2300947 wikiPageWikiLink Q7112613.
- Q2300947 wikiPageWikiLink Q7416774.
- Q2300947 wikiPageWikiLink Q753291.
- Q2300947 wikiPageWikiLink Q784843.
- Q2300947 wikiPageWikiLink Q8134.
- Q2300947 wikiPageWikiLink Q82821.
- Q2300947 wikiPageWikiLink Q851147.
- Q2300947 wikiPageWikiLink Q89061.
- Q2300947 wikiPageWikiLink Q893.
- Q2300947 type Thing.
- Q2300947 comment "Social cost in economics may be distinguished from "private cost". Economic theorists model individual decision-making as measurement of costs and benefits. Social cost is also considered to be the private cost plus externalities. Rational choice theory often assumes that individuals consider only the costs they themselves bear when making decisions, not the costs that may be borne by others.".
- Q2300947 label "Social cost".
- Q2300947 depiction Social_cost_with_tax.svg.