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LSDefine

Simple English definitions for legal terms

social cost

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A quick definition of social cost:

Social cost refers to the overall cost that society bears as a result of a particular activity or decision. This includes not only the monetary cost, but also the impact on people's health, the environment, and other factors that affect the well-being of society as a whole. For example, the social cost of pollution includes not only the cost of cleaning up the pollution, but also the cost of health problems caused by the pollution. It is important to consider social cost when making decisions that affect society, in order to ensure that the benefits outweigh the costs.

A more thorough explanation:

Social cost refers to the overall cost to society of a particular action or decision. This includes not only the direct costs to individuals or businesses, but also any indirect costs that affect the wider community.

  • Environmental pollution is a social cost because it affects not only the health of individuals, but also the quality of life in the surrounding area.
  • Excessive alcohol consumption can lead to social costs such as increased healthcare expenses and lost productivity due to alcohol-related illnesses and accidents.
  • Government policies that restrict individual freedoms, such as mandatory mask-wearing during a pandemic, can be seen as a social cost because they limit personal autonomy for the greater good of society.

These examples illustrate how social costs can have far-reaching effects beyond just the individuals directly involved. They show how decisions made by individuals or governments can impact the wider community and highlight the importance of considering social costs when making choices.

social contract | Social Security Act

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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