Examlex
Employee with an attitude of "it's not my job" fits into which of these groups?
External Cost
Costs of an economic activity that are not borne by the parties involved but are instead imposed on others or society at large.
Private Value
The value of a good or service to an individual or firm for personal use, as opposed to its value to society or the economy at large.
Socially Optimal
A situation or outcome that is best from the society's point of view, where social welfare, including benefits and costs, is maximized.
Economic Well-being
A broad measure of the prosperity and quality of life of individuals or societies, encompassing material, social, and environmental dimensions.
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