Private/Social costs of logging rainforests (1 Viewer)

mushroom_head

holey moley!
Joined
Jan 6, 2004
Messages
530
Location
yu-en-ess-double-yu
Gender
Female
HSC
2004
what did u write for this question?

for social cost- logging causes pollution, salinity etc
i'm not so sure whether what i wrote for private cost was correct so i just said that our future generation would not be able to experience the same pleasure we get from rainforests today?!

would that be right?
 

ZabZu

Member
Joined
Jul 2, 2004
Messages
534
Location
Sydney
Gender
Male
HSC
2004
private cost - wages for the workers plus cost of machinery
social cost - i refered to the source by saying that economic relations with other countries would deteriorate

how many marks was the question again?
 

Rorix

Active Member
Joined
Jun 29, 2003
Messages
1,818
Gender
Male
HSC
2005
3 marks

private costs - labour costs, machinery, essentially monetary costs associated with logging
social costs - unpriced externalities such as the loss of biodiversity and climate change from the deforestation, pollution from labourers/machines yadya da
 

neo o

it's coming to me...
Joined
Aug 16, 2002
Messages
3,294
Gender
Male
HSC
2004
Rorix said:
3 marks

private costs - labour costs, machinery, essentially monetary costs associated with logging
social costs - unpriced externalities such as the loss of biodiversity and climate change from the deforestation, pollution from labourers/machines yadya da
The best way to say it was probably

1) Private costs are costs that are factored into the final price of the timber, i.e. capital, labour.

2) Social costs are unpriced externalities which are not factored into the costs of production such as biodiversity, which affects the utility that others can gain from the public good.
 

PhiL

Member
Joined
Apr 4, 2003
Messages
56
THere is also private costs to the employees: ie. costs of getting to work which then have social costs eg pollution from cars to get to work
 

matt_f64

Member
Joined
May 24, 2004
Messages
307
Location
Northern Beaches
Gender
Undisclosed
HSC
N/A
yeah i did
private costs = costs of production such as costs of labour and machinery etc
social costs = costs that arent carried by producers.. ie. externalities such as reduction in biodiversity.. incresed pollution due to a lack of photosynthetic trees.
 
S

Shuter

Guest
I did social costs first, went:
Social costs: loss of biodiversity, eyesight pollution from the bare hill left after it.
Private costs: Costs associated with actually chopping down the trees that the company has to pay for.
Said social costs vary to private costs as they are reffering to the externalities created by the chopping down of the trees.
 
S

Shuter

Guest
mushroom_head said:
damn! then where does the future generation come in?
Ecologically sustainable Development. Future generations are a social cost.
 

SpaceMonkey

Frak!
Joined
May 5, 2004
Messages
112
Location
Western Sydney, NSW
Gender
Male
HSC
2004
Private - Polluted air, more carbon dioxide and less oxygen
Private - Logging permits/licences, fines

edit: This question did not have enough lines!!!
 
Last edited:

CharlieB

?uestlove
Joined
Sep 30, 2004
Messages
390
Location
Sydney
Gender
Male
HSC
2006
i put labour costs for private costs but i also put oppurtunity costs... do you guys think i'll be marked down?
 
S

Shuter

Guest
skypryn said:
well put. i hope you didn't actually use those terms in the exam...
I didn't use that exact wording but I did talk about how it wouldn't be visually appealing. That is a social cost in the textbook.
 

lovelydebisme

New Member
Joined
May 5, 2004
Messages
22
Location
Sydney
Gender
Undisclosed
HSC
N/A
anyway...

i wrote private cost is the labour cost and capital cost, while the social cost is pollution... :cool:
 
Joined
Aug 1, 2004
Messages
3,564
Location
Above you...look up
Gender
Male
HSC
2004
umm i put as social cost:

it will create pollution and reduce oxygen in immediate area, thus, resulting in a reduction of quality of life (in the immediate areas), not a good indication of the economy.

economics cost: degradates the soil which is a widely used resource
 

sgt

New Member
Joined
Mar 16, 2004
Messages
29
shit i just said social cost is pollution
and private cost is having to drive in a hot bulldozer all day ...
will i get ne marks?
 

Users Who Are Viewing This Thread (Users: 0, Guests: 1)

Top