Assessing the economic costs of disease
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ASSESSING THE ECONOMIC COSTS OF DISEASE
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The total economic cost of disease can be measured as the sum of output losses and control expenditures.
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A reduction in output is a loss because it is a benefit that is either taken away (e.g., when milk containing antibiotic residues is compulsorily discarded) or unrealized (e.g., decreased milk yield).
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Expenditures, in contrast are increases in input, and are usually associated with disease control.
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Examples of control expenditures are veterinary intervention which may be used either therapeutically or prophylactically and increased use of agricultural labour.
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Last modified: Friday, 23 September 2011, 9:18 AM