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Social Cost Definition: Social Cost refers to the total expense incurred by society as a whole due to the production of a particular good or service. It extends beyond the direct costs borne by businesses and includes additional expenses such as environmental damage, health impacts, and other externalities that affect the broader community. Calculating social […]

Socially Responsible Investment Definition: Socially Responsible Investment (SRI), also known as ethical investing or sustainable investing, refers to an investment strategy that considers not only financial returns but also the social, environmental, and ethical impact of an investment. Investors practicing SRI aim to align their investment choices with their values, supporting companies and initiatives that

Social Overhead Capital Definition: Social Overhead Capital (SOC) refers to the essential infrastructure and facilities that contribute to the overall development and well-being of a society. These are long-term investments made by governments or entities to provide fundamental services and amenities necessary for economic activities and the quality of life. Social overhead capital includes critical

Social Responsibility Reporting Definition: Social Responsibility Reporting, also known as sustainability reporting or corporate social responsibility (CSR) reporting, is a practice where companies communicate information about their social and environmental impact. This reporting goes beyond financial metrics and aims to provide stakeholders with insights into a company’s contributions to society, ethical practices, and efforts to

Socio-Technical System Definition: A socio-technical system refers to an organizational framework that acknowledges the interconnectedness of social and technical elements in the workplace. It emphasizes the integration of people, technology, and processes to create a harmonious and effective working environment. In a socio-technical system, both the social aspects (such as human interactions and relationships) and

Soft Benefits Definition: Soft benefits refer to the intangible and non-monetary advantages that individuals or organizations gain from a particular action, decision, or investment. Unlike hard benefits, which are quantifiable and measurable in monetary terms, soft benefits are more subjective and often relate to improved well-being, satisfaction, or qualitative enhancements. These benefits contribute to the

Soft Commodities Definition: In the realm of finance and trading, soft commodities refer to a specific category of goods that are grown rather than mined. These commodities are typically agricultural products and include items like crops and livestock. Unlike hard commodities such as metals and energy resources, soft commodities are directly derived from natural processes,

Soft Currency Definition: Soft currency refers to a currency that is vulnerable to depreciation or lacks stability in the foreign exchange market. Unlike strong or hard currencies, soft currencies are often associated with economic uncertainty, inflation, and a higher risk of losing value relative to other more stable currencies. Holders of soft currencies may face

Soft Loan Definition: A soft loan is a type of loan characterized by favorable terms and conditions, often more generous than those offered by traditional financial institutions. These loans are typically extended with lower interest rates, longer repayment periods, and more flexible terms. Soft loans are designed to support projects or initiatives that may not

Soft Sell Definition: In the world of sales and marketing, a soft sell is a gentle and subtle approach used to persuade customers to make a purchase. Unlike aggressive or pushy tactics, a soft sell prioritizes building relationships and creating a positive buying experience. This method recognizes the importance of understanding customer needs and preferences,