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What are the difference between social cost and economic growth?
Social cost is part of economic growth because overall economic production is a function of social benefit minus social costs.
How can one determine the marginal social benefit of a particular economic activity?
To determine the marginal social benefit of an economic activity, one must consider the additional benefit to society from producing one more unit of a good or service. This can be calculated by comparing the total social benefit of the activity before and after the production of the additional unit. By analyzing the impact on society as a whole, including externalities and spillover effects, one can estimate the marginal social benefit of the economic activity.
What are the social and health benefits of sport?
The health benefit of playing sports is that you will get extra exercise that you might not have participated in if you were not in that sport. The social benefit is that you will meet new people and you may even get involved in other sports or other community activities.
How can one calculate the marginal social benefit of a particular economic activity?
To calculate the marginal social benefit of an economic activity, you would need to consider the additional benefit to society from producing one more unit of the activity. This can be determined by analyzing the impact on individuals and communities, such as improvements in health, education, or infrastructure. By comparing the costs and benefits of each additional unit produced, you can calculate the marginal social benefit.
How do you write a feasibility study on bakery?
carry out a feasibility study on an enterprise of your choice and pointing out the social economic benefit to your community.
Social cost benefit analysis?
Summary Social cost/benefit: sum of all private costs/benefit. Social welfare analysis: involves optimising social outcomes based on cost/benefit. Optimal occurs: where marginal social cost (MSC) = marginal social benefit (MSB) Is used for: cost of economic choices, policies, initiatives, etc. Longer Explanation Social cost-benefit analysis is also known as 'welfare analysis' and is very similar to normal firm optimisation models. Essentially, social cost and benefit usually involve a private producer or consumer and a public provider or public demand. In these cases, the private cost/benefit of the private actor differs from the social cost/benefit. A social cost/benefit is simply the sum of all costs and benefits of all private actors. Cost is represented on a cost-quantity axis as a positively-sloped function (linear or higher power) and benefit is a negatively-sloped function. Their optimisation occurs where the derivatives of cost and benefit (marginal social cost; marginal social benefit) are equal. This point is where profit/social welfare is greatest.
What kind of population could benefit from a psycho -educational group?
The poverty stricken and the illiterate social group(including challenged groups) in societwho are often denied and deprived of social economic comfort & opportunities could benefit from a psycho educational group.
What benefit did the social security act provide to ensure people's economic well-being?
Among other things, the Social Security Act provided pensions for the elderly and aid for poor mothers.
What is net social benefit?
The net social benefit is the sum of producer and consumer surplus.
How does sport benefit the community?
because the sport you are in can raise money for the city with fundraisers
How can sport benefit health?
it keeps you healthey
Can Social and Economic Goals be successfully negotiated by Social Enterprises?
Can Social and Economic Goals be successfully negotiated by Social Enterprises?
