economic cost
Definition
Actual sacrifice involved in performing an activity, or following a decision or course of action. It may be expressed as the total of opportunity cost (cost of employing resources in one activity than the other) and accounting costs (the cash outlays).
economic cost is in the Accounting & Auditing, Data Management, Communications, & Networks and Economics, Politics, & Society subjects.
economic cost appears in the definitions of the following terms: accounting cost, risk, economic profit and allocation of resources
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