how are social and environmental costs different from financial costs

Social costs are something like, you do something and you lose friends. Environmental costs are something like production increases and pollutes the air. Financial costs is money, like a Dollar.

Answer Link

annyksl annyksl · Answer 2 · 2020-01-20T08:07:52-05:00

Answer:

Social costs refer to how a product or service will impact society. Environmental costs refer to the impact caused by nature, whereas financial costs refer to the monetary value required by the product or service.

Explanation:

When a product or service is made available, there is a cost for its manufacture that goes beyond the financial cost and reflects on society and nature.

The financial cost refers to the monetary value spent on the product, so that it is possible to manufacture formulation and distribution within a region, on the other hand, there is the social cost and the environmental cost that must be highlighted. The social cost refers to how this product or service will affect society, the construction of a dam, for example, affects a society significantly, showing a high social cost. The environmental cost refers to the natural resources that will be used and how they will affect the nature of the region.