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Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics, Vol 18, No 2 (1976), Pagination: 170-180
Abstract
An evaluation of the economic activity from the social point of view requires its valuation of social prices, i.e. the prices that reflect cost or benefit to the society rather than a part of it. Such prices assume greater importance in choosing a technique of production and/or output-mix from the viewpoint of the entire economy.