What would the additional costs have been of transporting the same quantity of goods by the next best alternative—in this case mostly the canals? The difference,—called the “social savings,” would be the true measure of the significance of the railways in the American economy (Times Literary Supplement).
Useful english dictionary. 2012.
Social savings — (sometimes Fogel social savings ) is a growth accounting technique to evaluate the historic implications of new technology on economic growth.Crafts, Nicholas F. R. (July 2004) London School of Economics… … Wikipedia
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Social programs in Canada — include all government programs designed to give assistance to citizens outside of what the market provides. The Canadian social safety net covers a broad spectrums of programs, and because Canada is a federation, many are run by the provinces.… … Wikipedia
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Social Security Trust Fund — The Social Security Trust Fund is the means by which the federal government of the United States accounts for excess paid in contributions from workers and employers to the Social Security system that are not required to fund current benefit… … Wikipedia
social security — 1. (usually caps.) a program of old age, unemployment, health, disability, and survivors insurance maintained by the U.S. federal government through compulsory payments by specific employer and employee groups. 2. the theory or practice of… … Universalium
Social Security debate (United States) — This article concerns proposals to change the Social Security system in the United States. Social Security is a social insurance program officially called Old Age, Survivors, and Disability Insurance (OASDI), in reference to its three components … Wikipedia
Savings bank (Spain) — In Spain, a savings bank (Spanish: caja de ahorro or informally just caja , Catalan: caixa d estalvis ) is a financial institution which specializes in accepting savings deposits and granting loans. Their original aim was to create the habit of… … Wikipedia
Social Security (United States) — This article is about the retirement/disability program. For the general concept of providing welfare, see Social security. For other uses, see Social Security (disambiguation) … Wikipedia
