Social costs definition

Social costs means costs estimated from the viewpoint of society, rather than individual stakeholders, representing the total burden imposed on the economy and consisting of the sum of all opportunity costs incurred associated with taking actions. “Opportunity costs” means the value lost to society of all the goods and services that will not be produced and consumed as a facility complies with permit requirements, and society reallocates resources away from other production activities and toward minimizing adverse environmental impacts.

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Social costs shall include the total of all costs incurred towards employees, apart from salaries, as required by **** applicable laws, or by any other generally accepted business practice in the normal course of business in the region in which the firm operates.

Social costs means the costs of certain programs including, but not limited to, residential low usage rate programs, peak load reduction programs, energy audit programs, bad weather cutoff moratorium programs, medical priority programs, and other similar programs the Commission may require on a statewide basis for the public good;

Examples of Social costs in a sentence

• Social costs are the costs to the firm of staff’s non-monetary benefits.

• Profit is normally based on the sum of the Salary, Social costs, and Overheads.

• Social costs suggest that individuals are willing to incur community exclusion for performing some activity that benefits the state.

• LIABILITIES This account heading comprises the following 2006 2005 Remuneration paid to board of directors and inspection bodies 21,966 20,371 Remuneration paid to employees 514,092 473,840 Productivity bonuses (Note 17) 30,000 25,000 Social costs .

• All budgets should include a specific breakdown of: • Income • Accommodation and Food costs • Field costs • Player package costs • Social costs • Other expenditures There should be individual itemized costs per player and an overall tournament figure for each area of the budget.

More Definitions of Social costs

Social costs means all costs associated with the administration, development and implementation of a program which shall involve negotiating and implementing a community needs and benefits program for the Ejido and non-Ejido community pursuant to and in connection with the Ejido Agreements as defined in the Asset Purchase Agreement including, but not limited to, such matters as medical clinic known as the Mulatos clinic and staffing therefore including a doctor and a nurse and related medicine and travel costs, teachers’ housing, necessary office rental as required, warehouse storage costs, community infrastructure including roads, general housing, social conditions, work and assistance programs designed to provide employment, community infrastructure and health improvements, job training, and education to the Ejido and non-Ejido community and any and all matters and costs associated therewith that may arise under or be incidental to the Ejido Agreements as determined at the sole discretion of National Gold provided however that any costs assumed outside of the current Ejido Agreements will require the approval of both National Gold and Alamos;