Discuss the Difference Between a Private Cost and a Social

question 422

Essay

Discuss the difference between a private cost and a social cost.

---

Definitions:

Comparable Worth

The concept that jobs of equal value to an organization should receive equal pay, regardless of the gender or status of the employee.

Discrimination

Unfair or prejudicial treatment of individuals based on characteristics such as race, gender, age, or disability.

Family and Medical Leave Act

A U.S. federal law that provides employees with unpaid, job-protected leave for medical and family reasons, with continuation of group health insurance.

Unpaid

Refers to work or services performed without financial compensation.