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Preferred term

economic evaluation of life  

Definition

  • The economic evaluation of life encompasses the costs associated with death, the amount people and governments pay to reduce risk of death, and the appropriate compensation for wrongful death. Costs associated with death are an accounting after the fact, often one restricted to tangible costs that ignore quality-of-life loss. [Source: Encyclopedia of Death and the Human Experience; Economic Evaluation of Life]

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https://concepts.sagepub.com/social-science/concept/economic_evaluation_of_life

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