What term refers to the monetary impacts associated with crashes, including response and medical costs?

The term "economic costs" specifically captures the financial implications that arise as a result of road crashes. This includes a range of monetary impacts, such as the costs associated with emergency response, medical treatment, property damage, and other related expenditures. By using this term, we acknowledge the broad scope of financial burdens that traffic accidents impose on individuals, communities, and the healthcare system.

In contrast, quality adjusted life years refers to a measurement used to evaluate the value of medical interventions in terms of both the quality and the quantity of life, rather than direct monetary costs. Social impact assessments are tools used to evaluate the broader effects of a project or a policy on communities and individuals, focusing more on qualitative impacts than on direct economic consequences. Accident risk studies analyze data to identify the probabilities and factors associated with crashes but do not directly address the monetary impacts of those incidents. Thus, "economic costs" is the best term to describe the financial burdens resulting from crashes.