experimental
Entry: Cost
URI: https://data.geoscience.earth/ncl/misc/81
Costs are the dollar values of resources needed to produce a good or service; once allocated, these resources are not available for use elsewhere. Private costs are the costs that the buyer of a good or service pays the seller. Social costs, also called externalities, are the costs that people other than the buyers are forced to pay, often through non-pecuniary means, as a result of a transaction. The bearers of social costs can be either particular individuals or society at large.
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| date accepted |
8 Aug 2025 13:49:37.591
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| date submitted |
8 Aug 2025 13:49:19.648
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| definition |
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| item class |
Concept
| Property
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| label |
Cost
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| notation |
81
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| register |
misc
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| status |
status experimental
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| submitter |
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| type |
register item
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| version info |
2
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Definition
| definition |
Costs are the dollar values of resources needed to produce a good or service; once allocated, these resources are not available for use elsewhere. Private costs are the costs that the buyer of a good or service pays the seller. Social costs, also called externalities, are the costs that people other than the buyers are forced
to pay, often through non-pecuniary means, as a result of a transaction. The bearers of social costs can be either particular individuals or society at large.
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| notation |
81
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| pref label |
Cost
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| source |
US EPA (2014) - Guidelines for preparing econoimc analyses
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| type |
Concept
| Property
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