implicit cost

An opportunity cost that does not involve a monetary payment. Ex: opportunity cost of the entrepreneur's time / opportunity cost of the entrepreneur's funds that could have been invested elsewhere.

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Microeconomics

الفئة: Education

إجمالي المصطلحات: 20

المنشئ

  • Timmwilson
  • (Beijing, China)

  •  (Bronze) 187 النقاط
  • 100% positive feedback
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