+**Social Cost** represents the full burden an economic action places on society, encompassing both direct private expenses and wider [Externalities](/wiki/externalities). It reveals the true price of production or consumption, often exceeding what is paid, leading to potential [Market Failure](/wiki/market_failure).
+## See also
+- [Private Cost](/wiki/private_cost)
+- [Tragedy of the Commons](/wiki/tragedy_of_the_commons)
+- [Cost-Benefit Analysis](/wiki/cost-benefit_analysis)
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