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internalizados

English translation: to internalize (in the cost)

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:internalizar (en el coste)
English translation:to internalize (in the cost)
Entered by: Martin Perazzo
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09:51 May 20, 2002
Spanish to English translations [PRO]
Law/Patents
Spanish term or phrase: internalizados
Not much in the way of clues as to what "internalizados" means here:

Antes de pasar al análisis de los métodos posibles a utilizar con objeto de lograr que el coste marginal sea igual a la utilidad marginal en términos sociales es interesante que enunciemos, aunque sea de una forma sucinta, los costes sociales, NO INTERNALIZADOS a través del precio que el consumo de dichos bienes genera.
Martin Perazzo
Spain
Local time: 11:01
not internalized (in the price)
Explanation:
social costs that are not internalized (=included) in the price

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Note added at 2002-05-20 10:02:20 (GMT)
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There is an important distinction between internal and external costs in economics. Internal costs are those accounted for in the price (manufacturing, marketing, etc.), external costs are NOT included in the price, are often \"intangible\" and are borne by the community (eg. pollution, use of infrastructure, etc.). From an economic point of view (to ensure the ideal allocation of resources), the internalization of all costs would be desirable.

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Note added at 2002-05-20 10:24:41 (GMT) Post-grading
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To give an example: One litre of fuel costs, say, 1 euro. 40 cents are production costs + profits in the production + distribution chain. 60 cents are external costs (pollution, etc.) internalized by the way of a fuel duty. And maybe a further 2 or 3 euro in external costs (environmental damage) are still not internalized :-(

Don\'t quote me on the figures :-). The trouble with external costs is, they are very difficult to quantify.
Selected response from:

Endre Both
Germany
Local time: 11:01
Grading comment
Thank you, Endre. Further searching after posting my inquiry confirmed what you wrote.

Martin
4 KudoZ points were awarded for this answer

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Summary of answers provided
4not internalized (in the price)
Endre Both


  

Answers


5 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
not internalized (in the price)


Explanation:
social costs that are not internalized (=included) in the price

--------------------------------------------------
Note added at 2002-05-20 10:02:20 (GMT)
--------------------------------------------------

There is an important distinction between internal and external costs in economics. Internal costs are those accounted for in the price (manufacturing, marketing, etc.), external costs are NOT included in the price, are often \"intangible\" and are borne by the community (eg. pollution, use of infrastructure, etc.). From an economic point of view (to ensure the ideal allocation of resources), the internalization of all costs would be desirable.

--------------------------------------------------
Note added at 2002-05-20 10:24:41 (GMT) Post-grading
--------------------------------------------------

To give an example: One litre of fuel costs, say, 1 euro. 40 cents are production costs + profits in the production + distribution chain. 60 cents are external costs (pollution, etc.) internalized by the way of a fuel duty. And maybe a further 2 or 3 euro in external costs (environmental damage) are still not internalized :-(

Don\'t quote me on the figures :-). The trouble with external costs is, they are very difficult to quantify.


    Reference: http://www.env.go.jp/en/pol/etax/et1b.html
    Reference: http://www.altusgroup.com/electricityglossary/e.asp
Endre Both
Germany
Local time: 11:01
Native speaker of: Native in GermanGerman, Native in HungarianHungarian
PRO pts in pair: 71
Grading comment
Thank you, Endre. Further searching after posting my inquiry confirmed what you wrote.

Martin
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