five social cost of building school and social benefits
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The social cost of building schools and social benefits are discussed below paragraph.
Macroeconomics defines social cost as the total of the private expenses associated with a transaction plus the costs that consumers bear as a result of being exposed to the transaction but not paid or charged for. To put it another way, it is the total of internal and external costs.
More builders, more tools, more instructors, headmasters, and other employees will be needed to create more schools. There would be additional work prospects as a result. Additionally, it will advertise additional services like transportation, etc.
Children today receive an education, which benefits the economy. They will eventually make a sizable contribution to the level of national revenue. It will result in the country's progress.
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