What does economic cost mean?
Definitions for economic cost
eco·nomic cost
This dictionary definitions page includes all the possible meanings, example usage and translations of the word economic cost.
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Wikidata
Economic cost
Economic cost is the gains and losses in money, time and resources of one course of action compared to another. The comparison includes the gains and losses precluded by taking a course of action, as the those of the course taken itself. Economic cost differs from accounting cost because it includes opportunity cost.
Numerology
Chaldean Numerology
The numerical value of economic cost in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of economic cost in Pythagorean Numerology is: 8
Examples of economic cost in a Sentence
To those making decisions at Port Talbot I would say think carefully, because the cost - economic and social - to the local community after a closure may be greater than the economic cost of keeping the plant open.
Clearly, failing to tackle airport infrastructure will have an economic cost.
I frankly don't think it's convenient to keep the lockdowns anymore anyway, people are hardly following social distancing and you can not underestimate the cost of the lockdowns : not just the economic cost, but also the increased inequality and the welfare cost which is disproportionally affecting the worse-offs. People can hold on to these rules just so much.
Countries that try to spread their ideologies by force, be it religion, socialism, capitalism, democracy or something else, will be overwhelmed by the human and economic cost of conflicts. Those countries will lag behind other countries that are focusing on developing their economies and advancing their interests via global partnerships and trade.
We should also not be influenced by the threat of the economic cost of either delaying 5G or having to settle for a less capable and more expensive provider.
Translations for economic cost
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"economic cost." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/economic+cost>.
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