true-cost accounting

From The Lexicon of Sustainability:

BY CONSIDERING ALL THE EXTERNAL COSTS FACTORED OUT OF THE COST OF FOOD, AN ECONOMIC PRINCIPLE CALLED TRUE COST ACCOUNTING HELPS CONSUMERS UNDERSTAND THE REAL COST OF THE FOOD THEY BUY.
 
 
True Cost Accounting is the practice that accounts for all external costs-environmental, social, and economic-generated by the creation of a product.
 
What’s not factored into the true cost of corn? Farm subsidies you pay through your personal income taxes, pollution of local drinking water due to contamination by petrochemical herbicides, pollution of waterways and oceans due to nitrogen fertilizer runoff, and loss of vital soil nutrients and top soil through mono crop farming practices are hidden costs.
 

http://www.lexiconofsustainability.com/true-cost-accounting/

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