Economy, asked by AyushOmar, 1 year ago

definition of cost in economics

Answers

Answered by saiharsha22
4
Economic cost is the combination of and losses of any goods that have a value attached to them by any one individual. Economic cost is used mainly by economists as means to compare the prudence of one course of action with that of another.

AyushOmar: i don't ask economic cost i ask only cost
Answered by kumarimanisha8251
2

Economic cost is the combination of and losses of any goods that have a value attached to them by any one individual. Economic cost is used mainly by economists as means to compare the prudence of one course of action with that of another.

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