SOCIAL COST Definition

Bookmark and Share

SOCIAL COST is the 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.

Learn new Accounting Terms

CORPORATION is a type of business organization chartered by a state and given many of the legal rights as a separate entity.

KAIZEN COSTING means "improvements in small steps" (i.e., continuous improvement). It was developed in Japan by Yashuhiro Monden. Kaizen Costing is applied to product that it already under production.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.