social opportunity cost

Definitions

Economics

• noun the opportunity cost to the society of making a certain good or service, at the expense of using the factor of production for a different good or service

Health Economics

• (written as Social Opportunity Cost)
  Opportunity cost viewed from the standpoint of all members of a society rather than that of a particular group or decision-maker.

Nearby Definitions of “social opportunity cost”

• social cost
• Social Cost or Benefit
• Social Discount Rate
• social dumping
• social engineering
• social opportunity cost
• social responsibility
• social services
• social welfare
• social welfare function
• social worker

Contexts for “social opportunity cost”

2 definitions in context
• Economics
• Health Economics