Definition of social benefit in English English dictionary
The benefits or income to society resulting from the operations of an enterprise in its particular circumstances Such benefits are often not readily measurable in monetary terms
the benefits which accrue to society as a whole; the social benefit of an innovation includes not only the profits of the innovator, but the benefits that accrue to others, either as a result of the knowledge produced in the innovative process or because the new product is available at a price below that which the individual would be willing to pay
The total benefit of a good to everyone in society; or, the benefit to everyone in society of private production or investment (p 468, 643)
The benefit of an activity to society at large, taking into account not only the benefit to the individual, household, firm or government undertaking the activity but also the benefits to all other members of society