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Private, External and Social Benefits

Private, External and Social Benefits

Private benefit, PBPBPB, is the benefit received directly by the decision-maker in a transaction. External benefit, EBEBEB, is a positive spillover received by third parties who are not directly involved in the transaction.

7.4.2 definition and calculation of social benefits (SB) as the sum of private benefits (PB) and external benefits (EB) Lesson

  1. Intl A Level
  2. /Economics
  3. /7.4.2 definition and calculation of social benefits (SB) as the sum of private benefits (PB) and external benefits (EB)

Step-by-step lessons on CIE Intl A Level Economics 7.4.2 definition and calculation of social benefits (SB) as the sum of private benefits (PB) and external benefits (EB). Each one builds up to exam-style questions.

Lessons