Very good question well i dont know
Social cost is part of economic growth because overall economic production is a function of social benefit minus social costs.
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.
carry out a feasibility study on an enterprise of your choice and pointing out the social economic benefit to your community.
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.
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.
Among other things, the Social Security Act provided pensions for the elderly and aid for poor mothers.
The net social benefit is the sum of producer and consumer surplus.
Can Social and Economic Goals be successfully negotiated by Social Enterprises?
because the sport you are in can raise money for the city with fundraisers
Which of the following is not considered an economic and social goal of society?economic efficiencystabilityeconomic growthentrepreneurship
it keeps you healthey
Social Audit is basically a process through which organizations are enabled to assess and demonstrate the social, economic and environmental limitations and benefit for itself. This process helps in measuring the extent to which organizations hold to their shared values and objectives. In other words, a social audit is a review of a business' social responsiveness.