Social Cost Benefit Analysis (SCBA)

Measuring the social impact of a private project or a state policy, i.e. how these would affect people’s lives is analyzed. Social Costs measure negative impact, while Social Benefits stand for the positive impact. SCBA focuses on factors like environmental effects, traffic, demography, i.e. aspects of no market pricing. It is typically used before launching larger project in building and construction. Sometimes SCBA may also affect projects pricing.