social cost Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “social cost” in the English Dictionary

"social cost" in Business English

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social costnoun [ U]

uk   us   SOCIAL RESPONSIBILITY
a ​badeffect that a ​business, ​activity, etc. has on ​people, ​society, or the ​environment: The ​socialcost of the ​financialcrisis has been unacceptably high. The ​company has been ​keen to ​point out the ​socialcost 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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