social

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Related to social costs: External costs, Social benefits

social

1. relating to or engaged in social services
2. (esp of certain species of insects) living together in organized colonies
3. (of plant species) growing in clumps, usually over a wide area

social

  1. (of certain species of insects and some animal species, including humankind) living together in organized colonies or groups.
  2. pertaining to human society and/or to human interaction in organizations, groups.

social

Pertaining to a group, community or the public. A hot buzzword applied to many products, social implies being able to easily find and share comments and content with others who are related to you in some manner (friends, colleagues, community, etc.). See social network and social networking site.
References in periodicals archive ?
Earlier this year, President Donald Trump issued an executive order disbanding an important interagency working group charged with formulating the social cost of carbon and withdrew the guidance it had issued.
Social costs can reflect either the variable cost of using the payment method or the total cost, including fixed costs in addition to variable costs.
Proposition V: Most importantly, and contrary to the classical theory of environmental economics, dynamic optimality requires social reinvestments to generate marginal social benefits, at equilibrium, strictly exceeding marginal social cost to society due to resource extraction, in order to arrive at an efficient allocation of resources.
For example, cutting initiation by 50% reduces the social costs for that initiation cohort by 50%.
It doesn't reflect the social cost of auto accidents and automobile-dominated sprawl.
The Coase theorem thus asserts that under perfect competition private and social costs will be equal.
There are also chapters titled "Accidents," "Environmental Costs," and "The Social Costs of Intermodal Freight Transport.
His reliance on flawed studies to estimate social costs results in an overestimation of the social costs of gambling.
Levin, a professor of economics and education at Teachers College at Columbia University in New York City "Even though many of us may feel that we are unaffected by the massive educational inequities in our society, the facts are just the opposite," said Levin, who has studied the economics of education, including social costs analyses, for almost 40 years.
Drucker's total estimated cost savings of $5 million to $8 million doesn't include the impact and social costs of drug users being back on the street without Insite's care.
When addiction ripens in the market, so do the social costs.
Certainly this situation at present is one where the apparent saving by not manning stations is less than the total financial and social costs to the community.