costs
Cost is the value of money that has been used up to produce something or deliver a service, and hence is not available for use anymore. In business, the cost may be one of acquisition, in which case the amount of money expended to acquire it is counted as cost. In this case, money is the input that is gone in order to acquire the thing. This acquisition cost may be the sum of the cost of production as incurred by the original producer, and further costs of transaction as incurred by the acquirer over and above the price paid to the producer. Usually, the price also includes a mark-up for profit over the cost of production.
More generalized in the field of economics, cost is a metric that is totaling up as a result of a process or as a differential for the result of a decision. Hence cost is the metric used in the standard modeling paradigm applied to economic processes.
Costs (pl.) are often further described based on their timing or their applicability.
View More On Wikipedia.org
More generalized in the field of economics, cost is a metric that is totaling up as a result of a process or as a differential for the result of a decision. Hence cost is the metric used in the standard modeling paradigm applied to economic processes.
Costs (pl.) are often further described based on their timing or their applicability.
View More On Wikipedia.org
-
Are You Secretly Struggling with Perfectionism? How to Unmask Its Hidden Costs
Imagine finally completing your passion project after weeks of hard work. It's 95% done, exceeding even your own expectations. But instead of feeling proud, you're overwhelmed by the 'flaws' in that last 5% and a deep fear of judgment. This crippling pursuit of an impossible ideal is what Sarah...- Mwl.RCT
- Thread
- Replies: 1
- Forum: General Discussions
-
China Keeps Building Stadiums in Africa. But at What Cost?
The Alassane Ouattara stadium rises like a piece of sculpture from the dusty brown earth north of Ivory Coast’s largest city, its undulating roof and white columns towering over the empty landscape like a spaceship that has dropped onto a uninhabited planet. On Sunday, the...