Private Costs

The disadvantages of an economic activity at the level of an individual person or decision-making unit. In addition, these costs can be aggregated over individuals to find the private costs for a group, e.g., producer’s surpluses in a market.The disadvantages of an economic activity at the level of an individual person or decision-making unit. In addition, these costs can be aggregated over individuals to find the private costs for a group, e.g., producer’s surpluses in a market.