Examlex
Which one of the following is not needed in preparing a production budget?
Government Subsidized
A financial contribution provided by the government to support industries, businesses, or individuals, often aimed at achieving economic or social objectives.
Negative Externalities
Costs suffered by a third party due to an economic transaction that they were not directly involved in, often leading to market failure.
Social Cost
The total cost to society as a whole, including both the private costs borne by individuals and the external costs to others not involved in the transaction.
Private Costs
The costs that are incurred by an individual or a company when producing goods or services.
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