economic cost — ➔ cost1 * * * economic cost UK US noun [C or U] ECONOMICS ► the cost in money, time, and other resources needed in order to do something or make something: »There is always an economic cost to preserving open land. »A dangerous asset price bubble … Financial and business terms
Cost of conflict — is a tool which attempts to calculate the price of conflict to the human race. The idea is to examine this cost, not only in terms of the deaths and casualties and the economic costs borne by the people involved, but also the social,… … Wikipedia
economic — economic, economical 1. These are both adjectives answering to the word economy: economic in the meanings ‘relating to economics’ and ‘frugal, characterized by good economy’, and economical in the meaning ‘sparing in the use of resources’. An… … Modern English usage
economic development — Process whereby simple, low income national economies are transformed into modern industrial economies. Theories of economic development the evolution of poor countries dependent on agriculture or resource extraction into prosperous countries… … Universalium
Cost — This article is about the economic concept. For the scientific organization, see COST. For uses of The Cost , see The Cost (disambiguation). Expenditure redirects here. For personal consumption expenditure, see Consumption (economics). In… … Wikipedia
Cost curve — In economics, a cost curve is a graph of the costs of production as a function of total quantity produced. In a free market economy, productively efficient firms use these curves to find the optimal point of production (minimising cost), and… … Wikipedia
cost — The opposite of revenue. An expense that reflects the price of purchasing goods, services and financial instruments. A cash cost means that cash is given up today to the purchase. Also, the purchase price of an investment, which is compared to… … Financial and business terms
Economic history of Somalia — The colonial economy = The colonial era did not spark foreign economic investment despite the competition of three major European powers in the area of present day Somalia. Italy controlled southern Somalia; Britain northern Somalia, especially… … Wikipedia
Economic rent — is the difference between what a factor of production is paid and how much it would need to be paid to remain in its current use.There are multiple mechanisms that can create economic rent: political contrivance, network effect, monopoly power,… … Wikipedia
Economic democracy — is a socioeconomic philosophy that suggests a shift in decision making power from a small minority of corporate shareholders to a larger majority of public stakeholders. There is no single definition or approach for economic democracy, but most… … Wikipedia
