opportunity cost

(redirected from Economic cost)
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Related to Economic cost: opportunity cost, Total cost, Economic Profit, Accounting cost
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Words related to opportunity cost

cost in terms of foregoing alternatives

References in periodicals archive ?
The Wikipedia page for "economic cost" on 9/3/13 said, "The economic cost of college is the accounting cost plus the opportunity cost" and on 6/4/14 said, "Economic cost differs from accounting cost because it includes opportunity cost.
With Ebola's potential to inflict massive economic costs on Guinea, Liberia and Sierra Leone and the rest of their neighbors in West Africa, the international community must find ways to get past logistical roadblocks and bring in more doctors and trained medical staff, more hospital beds and more health and development support to help stop Ebola in its tracks," said Jim Yong Kim, president of the World Bank.
The figure for overall economic costs was down from USD59bn a year ago and was less than half the first-half average of USD94bn in the last decade.
The CCEA has also approved the revision in price of allotment made to the Government of Uttarakhand for flood relief in the current year from economic cost to MSP/MSP derived prices in consonance with this decision regarding allocation for calamity relief.
By 2016, the economic cost to Belarus of the 1986 Chernobyl nuclear disaster is forecast to be $235bn
The report, prepared by Dover-based PolEcon Research, examines the economic cost of excessive alcohol consumption in four areas: productivity; health care; criminal justice; and other costs, like motor vehicle crashes and state and local taxes.
We now know that without immediate intervention, the burden of cancer will grow enormously in low- and middle-income countries, with demands on health care systems and economic costs that are more than these developing economies can bear.
We now know that without immediate intervention, the burden of cancer will grow enormously in low and middle-income countries, with demands on health care systems and economic costs more than these developing economies can bear.
Economic cost studies of alcohol crashes with injuries (Miller, et al.
This mirrors the findings of the Australian Business Roundtable on climate change--we must act on climate change now or risk huge economic costs in the future.
The economic cost and the moral cost of freedom would be far less than that of government intervention.
The economic cost to the nation in lost productivity and wasted motor fuel caused by traffic congestion is expected to grow from $67.
Although the Code allows a taxpayer to deduct certain expenses incurred, to properly account for deductions, the taxpayer may have to sustain an economic cost much greater than the economic benefit.
Department of Agriculture, the potential economic cost of widespread infestation of this one bug is as high as $40 billion (US).
1 billion should be entirely eliminated from the economic cost of drug abuse, and another $50.
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