Social Cost-Benefit (SCB) Analysis: With Illustrations
This article provides notes on the Social Cost-Benefit (SCB) Analysis. Social cost-benefit analysis has been defined in many ways by various exponents. It is defined— "as a methodical and rational process of identifying, evaluating and assessing the benefits (outputs) and costs (inputs) associated with alternative activities which will effectively accomplish economic targets and social goals." Social cost-benefit analysis is a [...]