What Is the Term for a Form of Education That

question 104

Short Answer

What is the term for a form of education that promotes social responsibility and service to the community?

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Definitions:

Explicit Costs

Direct, out-of-pocket payments made by a business for resources and services used in production.

Incremental Cost

The additional cost associated with producing one more unit of a product or service.

Marginal Cost

The increase or decrease in the total cost of a product when the production volume is increased by one unit.

Opportunity Costs

The cost of an alternative that must be forgone to pursue a certain action, representing the benefits that could have been received by taking an alternative action.