File Details
Cost Terms, Concepts, and Classifications | |
File name | Cost Terms, Concepts, and Classifications |
File Description | Opportunity cost is the concept of cost in economics. The cost of any action is the value of what is forgone as a result of the action. If an activity does not displace something else, then we could say that it has no cost. Of course, it seems a bit odd to suggest that an action does not have some cost. That is because almost any activity will displace something. |
Category Name | Management Studies |
Subject Name | BUSINESS ECONOMICS |
Module Name | Cost Concepts |
Micro Category Name | Cost Concept |
Level | Masters |
File Type | |
File | Login to Download |
File | Login to Download |