distinguish between social cost and money cost

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Oforiwafelicity27idn Oforiwafelicity27idn

07-07-2021
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distinguish between social cost and money cost

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Ariana421idn Ariana421idn · Answer 1 · 2021-07-07T22:12:34-04:00

Ariana421idn Ariana421idn

07-07-2021

Answer:

Distinguish between social cost and money cost are :-

Explanation:

Social cost is also known as externalities. Money cost is also known as nominal cost.

Social cost include both the private costs and any other external costs to society arising from the production. Money cost is the cost of acquiring a good or service with available cash

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