Meaning of “social cost” in the English Dictionary

business-english dictionary

"social cost" in Business English

See all translations

social costnoun [ U ]


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)