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 means costs estimatedfrom the viewpoint of society, rather than individual stakeholders. Social cost represents the total burden im- posed on the economy; it is the sum of all opportunity costs incurred associ- ated with taking actions. These oppor- tunity costs consist of the value lost to society of all the goods and services that will not be produced and con- sumed as a facility complies with per- mit requirements, and society reallo- cates resources away from other pro- duction activities and towards mini- mizing adverse environmental impacts.§ 125.93 [Reserved]§ 125.94 As an owner or operator of an existing facility, what must I do to comply with this subpart?(a) Applicable Best Technology Avail- able for Minimizing Adverse Environ- mental Impact (BTA) standards. (1) On or after October 14, 2014, the owner or op- erator of an existing facility with a cu- mulative design intake flow (DIF) greater than 2 mgd is subject to the BTA (best technology available) stand- ards for impingement mortality under paragraph (c) of this section, and en- trainment under paragraph (d) of this section including any measures to pro- tect Federally-listed threatened and endangered species and designated crit-40 CFR Ch. I (7–1–21 Edition)ical habitat established under para- graph (g) of this section.
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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;
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Examples of Social costs in a sentence

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

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

  • Social costs are the costs to the Consultant of staff’s non-monetary benefits.These items include, inter alia, pension, medical and life insurance costs, and the cost of a staff member being sick or on vacation.

  • Social costs include costs incurred by households and exclude incentive payments (except the deadweight loss to taxation) considering them a transfer.

  • Social costs, in turn, include: a higher risk of poverty, health problems, and the school failures of children of the long-term unemployed (ILO, OECD, IMF & The World Bank 2012).

  • Social costs would also incorporate any adjustment based on a quantity demand response to a change in price driven by a price change due to cost pass-through to consumers.

  • Social costs include net defaults (gross defaults minus recoveries), admin- istrative costs, and the opportunity cost of the PEFG fund.

  • Social costs include the compliance costs, but also include those costs that reflect changes in the national economy due to changes in consumer and producer behavior in response to the compliance costs associated with a regulation.

  • Social costs do play a fundamental role in establishing the optimal level for the contractual penalty to be enforced in the event the project is not initiated immediately.

  • Table H.1 Costs and Benefits (at constant prices), millions Transition Costs £5.2 Operational costs £18 Total Social costs £8.1 Total Costs £31.3Improvement in efficiency of enforcement operations £5.7 Deterrence of illegal immigrants £4.2Fewer removals of illegal immigrants £2.3Reduction in benefit fraud £0.4Identified benefits £12.6Other benefits £10.6Total Benefits £23.2 The preferred option, as per previous impact assessments, is to fully implement the policy (option 3).


More Definitions of Social costs

Social costs means costs estimated from the viewpoint of society, rather than individual stakeholders. Social cost represents the total burden imposed on the economy; it is the sum of all opportunity costs incurred associated with taking actions. These opportunity costs consist of 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 towards minimizing adverse environmental impacts.§ 125.93 [Reserved] § 125.94 As an owner or operator of an existing facility, what must I do to comply with this subpart?(a) Applicable Best Technology Available for Minimizing Adverse Environmental Impact (BTA) standards.
Sample 1
Social costs means costs estimatedfrom the viewpoint of society, rather than individual stakeholders. Social cost represents the total burden im- posed on the economy; it is the sum of all opportunity costs incurred associ- ated with taking actions. These oppor- tunity costs consist of the value lost to society of all the goods and services that will not be produced and con- sumed as a facility complies with per- mit requirements, and society reallo- cates resources away from other pro- duction activities and towards mini- mizing adverse environmental impacts.
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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;
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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.
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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.
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Related to Social costs

  • Social work or "Social Work Services" means the application of social work theory, knowledge, methods, ethics, and the professional use of self to restore or enhance social, psychosocial, or biopsychosocial functioning of individuals, couples, families, groups, organizations, and communities through the care and services provided by a Regulated Social Worker as set forth in the Member State's statutes and regulations in the State where the services are being provided.

  • Social Housing has the meaning attributed to it in Section 68 of the HRA 2008;

  • Social Engineering Fraud means the intentional misleading of an Employee through the use of a Communication, where such Communication:

  • Social services means foster care, adoption, adoption assistance, child-protective services, domestic

  • Actual Costs means any costs, direct losses and expenses (including any loss of revenue) reasonably incurred or reasonably expected to be incurred by the Train Operator including those attributable to limb (f) of a Category 3 Disruption and any increase in Variable Costs but net of:

  • EBITA means for any period, operating profit (loss) plus (i) amortization, including goodwill impairment, (ii) amortization of non-cash distribution and marketing expense and non-cash compensation expense, (iii) restructuring charges, (iv) non-cash write-downs of assets or goodwill, (v) charges relating to disposal of lines of business, (vi) litigation settlement amounts and (vii) costs incurred for proposed and completed acquisitions.

  • Connection Income Taxes means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes.

  • Actual Cost means the cost of depleted supplies, records storage media costs, actual mailing and alternative delivery costs, or other transmitting costs, and any direct equipment operating and maintenance costs, including actual costs paid to private contractors for copying services.

  • social infrastructure means community facilities, services and networks that meet social needs and enhance community well-being;

  • Company Reimbursable Costs means the actual costs and expenses incurred by Company and/or its Affiliates in connection with performance of the Company Work or otherwise incurred by Company and/or its Affiliates in connection with this Agreement, and including, without limitation, any such costs that may have been incurred by Company and/or its Affiliates in connection with the Company Work or this Agreement prior to the Effective Date. These Company Reimbursable Costs shall include, without limitation, the actual expenses for labor (including, without limitation, internal labor), services, materials, subcontracts, equipment or other expenses incurred in the execution of the Company Work, all applicable overhead, overtime costs, all federal, state and local taxes incurred (including, without limitation, all taxes arising from amounts paid to Company that are deemed to be contributions in aid of construction), all costs of outside experts, consultants, counsel and contractors, all other third-party fees and costs, and all costs of obtaining any required permits, rights, consents, releases, approvals, or authorizations acquired by or on behalf of Company, including, without limitation, the Required Approvals.

  • EBIT means, for any period, the net income of the Company and its Subsidiaries on a Consolidated basis for such period plus each of the following with respect to the Company and its Subsidiaries on a Consolidated basis to the extent utilized in determining such net income: (a) Interest Expense and (b) provision for taxes.

  • Social Security means the old-age survivors and disability section of the Federal Social Security Act;

  • Operating Income means the Company’s or a business unit’s income from operations but excluding any unusual items, determined in accordance with generally accepted accounting principles.

  • Social Media means web-based applications and on-line forums that allow users to interact, share and publish content such as text, links, photos, audio and video;

  • Gross income means the same as it does for income tax purposes, even if the income is not actually taxable, such as interest on tax-free bonds. Examples include: compensation for services, income from business, gains from property dealings, interest, rents, dividends, pensions, IRA distributions, social security, distributive share of partnership gross income, and alimony, but not child support.