+A **Private Cost** is the direct expense borne by an individual or [Firm](/wiki/firm) for an action or good. This internal financial burden influences personal [Decision](/wiki/decision)-making, separate from any wider societal impacts.
+## See also
+- [Social Cost](/wiki/social_cost)
+- [Externalities](/wiki/externalities)
+- [Opportunity Cost](/wiki/opportunity_cost)
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