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Definition | : | Marginal Social Cost |
Category | : | Business » Business Terms |
Country/ Region |
: | Worldwide
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Initialism
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Marginal Social Cost (MSC) is the total cost that society pays for the production of an additional unit of a good or service.
For example, when a factory dumps garbage into a town's river, it pollutes the environment, and society must pay for the cost of the polluted river.
Master of Science
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The full form of MSC is Marginal Social Cost
Mediterranean Shipping Company | Multimedia Super Corridor | Marginal Social Cost | MSC Software Corporation
Master of Science | Mobile Switching Center | Mediterranean Shipping Company | Message Sequence Chart | Marginal Social Cost | MIDI Show Control | MSC Software Corporation