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English definition of “social cost”

social cost

noun [ U]
 
 
SOCIAL RESPONSIBILITY
a bad effect that a business, activity, etc. has on people, society, or the environment: The social cost of the financial crisis has been unacceptably high. The company has been keen to point out the social cost of a takeover - 10,000 to 12,000 jobs could go in the restructuring.
(Definition of social cost from the Cambridge Business English Dictionary © Cambridge University Press)
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