Pollution and Social cost

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between Pollution and Social cost

Pollution vs. Social cost

Pollution is the introduction of contaminants into the natural environment that cause adverse change. Social cost in economics is the sum of the private costs resulting from a transaction and the costs imposed on the consumers as a consequence of being exposed to the md's transaction for which they are not compensated or charged.

Similarities between Pollution and Social cost

Pollution and Social cost have 5 things in common (in Unionpedia): Environmental economics, Externality, Free market, Marginal cost, Market failure.

Environmental economics

Environmental economics is a sub-field of economics that is concerned with environmental issues.

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Externality

In economics, an externality is the cost or benefit that affects a party who did not choose to incur that cost or benefit.

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Free market

In economics, a free market is an idealized system in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.

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Marginal cost

In economics, marginal cost is the change in the opportunity cost that arises when the quantity produced is incremented by one unit, that is, it is the cost of producing one more unit of a good.

Marginal cost and Pollution · Marginal cost and Social cost · See more »

Market failure

In economics, market failure is a situation in which the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.

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The list above answers the following questions

What Pollution and Social cost have in common
What are the similarities between Pollution and Social cost

Pollution and Social cost Comparison

Pollution has 323 relations, while Social cost has 21. As they have in common 5, the Jaccard index is 1.45% = 5 / (323 + 21).

References

This article shows the relationship between Pollution and Social cost. To access each article from which the information was extracted, please visit:

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