What Is the Difference Between Private Costs and Social Costs

question 25

Essay

What is the difference between private costs and social costs?

---

Definitions:

Nutrient Molecules

Essential compounds absorbed by the body to provide energy, support growth, and maintain and repair body tissues.

Energy Production

The biological processes by which cells convert nutrients into usable energy, primarily through respiration and metabolism.

Oxygen

A chemical element with symbol O, essential for aerobic respiration in living organisms and a key component of the Earth's atmosphere.

Vitamin

One of a group of organic substances present in minute amounts in natural foodstuffs that are essential to normal metabolism; insufficient amounts in the diet may cause deficiency diseases.