Cost


 
 
Cost

In economics, business, and accounting, a cost is a price paid, or otherwise associated with, a commercial event or economic transaction.

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Costs are often further described based on their timing or their applicability.

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Accounting costs (also called historical costs) represent the total amount of money (or the monetary value of goods) spent. It is the amount denoted on invoices and recorded in bookkeeping records.

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Opportunity cost (also called economic cost) is the value of the best alternative that was not chosen in order to pursue the current endeavour--i.e., what could have been accomplished with the resources expended in the undertaking. It represents opportunities forgone.


 

Economics: Economics (from the Greek οίκος , 'house', and νομος , 'rule', hence "household management") is a social science that studies the production, distribution, trade and consumption of goods and services. Economics is said to be positive when it tries...

Business: Business refers to at least three closely related commercial topics. The first is a commercial, professional or industrial organization or enterprise, generally referred to as "a business." The second is commercial, professional, and industrial activity generally, as in "business continues to evol...

Accounting: REDIRECT Accountancy...


Cost related Images and Photos (experimental)

Cost of Liberty
Cost of Liberty
Love Don't Cost a Thing (DVD) (WS)
Love Don't Cost a Thing (DVD) (WS)
Loose Talk Can Cost Lives
Loose Talk Can Cost Lives
Splasing Water Sea Cost
Splasing Water Sea Cost
Malibu's Most Wanted/Love Don't Cost a Thing (DVD) (DBFE)
Malibu's Most Wanted/Love Don't Cost a Thing (DVD) (DBFE)
DotCom - Despite the cost of living, have you noticed how it remains so popular?
DotCom - Despite the cost of living, have you noticed how it remains so popular?
Beresford Defeats Soult at Albuera Though at the Cost of Half His Army
Beresford Defeats Soult at Albuera Though at the Cost of Half His Army

~ Table of Content ~

Introduction
Accounting vs opportunity costs
Private vs external vs social vs psychic costs
See also
 


 

~ Related Subjects ~

Trade (1) - Consumption (1) - Distribution (1) - Social science (1) - Production (1) - Observation (1) - Normative (1) - Assumption (1) - Goods (1) - Positive (1) - Transaction (1) - Accounting cost (1) - Accounting (1) - Economics (1) - Business (1) -
 

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