To restore the balance between private and public goods, producers could be required to bear the full?

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04-08-2022
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To restore the balance between private and public goods, producers could be required to bear the full?

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smecloudbird17 smecloudbird17 · Answer 1 · 2022-08-18T07:18:55+02:00

To restore the balance between private and public goods, producers could be required to bear the full social costs of their operations.

Social costs are the cost which are incurred by producers in social enterprise above and beyond ordinary business costs in order to fulfill its mission. It may also include private costs plus any external costs.

In the market, most of the time there can be variance between prices of private and public goods, so in order to restore the balance, the producers could be required to bear the full social costs of their operations. There is also a option where consumers are made to pay the social costs.

Hence, the answer is given and explained above.

To learn more about private and public goods here:

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