Economic Cost - Assignment Point
Economic Cost
Subject: Economics | Topics:

Economic Cost is the total cost of choosing one action over another. The actual economic cost incorporates the accounting price, or actual funds spent executing the action, and also the opportunity cost, or the money that could are actually made by using funds and other resources dedicated towards action on other sorts of objective. Economic cost is the gains and deficits in money, time and means of one course of action compared to another.

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