What is the term for the assignment of only private costs to individual products?

Name: What is the term for the assignment of only private costs to individual products?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Full private costing refers to assigning only private costs (i.e., costs incurred by the producer and not passed on to society) to individual products. This means that the external costs (i.e., costs associated with social and environmental impacts) are not included, leading to an incomplete picture of the true cost of the product.

What Is the Term for the Assignment of Only Private