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environmental costs

Costs connected with the actual or potential deterioration of natural assets due to economic activities. Such costs can be viewed from two different perspectives, namely as (a) costs caused, that is, costs associated with economic units actually or potentially causing environmental deterioration by their own activities or as (b) costs borne, that is, costs incurred by economic units independently of whether they have actually caused the environmental impacts. See also defensive environmental costs and damage cost.

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