Qualification > Commerce

eco paper 3 discussion onli!!!!!!

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devileye:
 :o guy let's discuss eco...we can take situations ..and analyze them...and clear all our doubts....well nayways my first doubt sis what are the : private and social costs and benefits and discuss conflicts of interest in relation to these
costs and benefits in the short term and long term through studies of the following issues: quoted frm syllabus...plz help ???

theigstudent:
even i need help on this topic????

MK:
if this wud help u...
*private cost are the firms own cost arising out of a business decision.e.g rent,wages
*external cost are the cost disadvantages incurred by the society caz of a business decision.towards which no payment is made.e.g pollution
*private benefits are the firms own benefits arising out of a business decision.e.g profit
*external benefits are the adv.the society gets caz of  a business deciosion.e.g new roads..new street lyts..
social cost= PC + EC
social benefits = PB + EB

hope it helps..

aquarian93:
u guys, im soooooooo nervous for tom, i cn hardly breath :( :(

MK:
its critical evaluation ryt ???

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