The cost that is incurred when an individual or business either produces or consumes something. Can also be referred to as the cost of production or consumption.
Related information about private cost:
- Cost - Wikipedia, the free encyclopedia
Main articles: private cost, psychic cost, and social cost ... costs of running the plant and labor costs) reflects the private cost for the manufacturer (in some ways, ...
- Social cost - Wikipedia, the free encyclopedia
Social cost in economics may be distinguished from "private cost". Economic theorists model individual decision-making as measurement of costs and benefits .
- What is private cost? definition and meaning
Definition of private cost: A producer's or supplier's cost of providing goods or services. It includes internal costs incurred for inputs, labor, rent, and depreciation ...
- What is the difference between private and social - The Federal ...
However, in the case where external costs exist, we need to plot two curves: The marginal private cost curve and the marginal social cost curve (equals the ...
- Private cost - definition of Private cost by the Free Online Dictionary ...
An amount paid or required in payment for a purchase; a price. 2. The expenditure of something, such as time or labor, necessary for the attainment of a goal: ...
- Public Versus Private Cost Control in Health - NYTimes.com
Aug 28, 2012 ... Public Versus Private Cost Control in Health. Austin Frakt at the The Incidental Economist has a much more comprehensive list than mine on ...
- What is the difference between private cost and social cost
What is the difference between private cost and social cost? In: Economics, Business Accounting and Bookkeeping [Edit categories]. Answer: Hi. Private costs ...
- Externalities, social cost and private costs - XtremePapers
Social cost = private cost + externality (if any). Cost-benefit analysis tries to measure all the costs to society of a project. A new tube line in London may never run ...