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Blessing Associates, LLC

Daily Archives: July 7, 2020

Read more about the article Living Economics: Implicit and Explicit Costs

Living Economics: Implicit and Explicit Costs

  • Post published:July 7, 2020
  • Post category:Business Blog
  • Post comments:0 Comments

Explicit Costs are the cost of resources traded in external markets. Implicit Costs are the value of resources sacrificed by the owner for the sake of the company.

Continue ReadingLiving Economics: Implicit and Explicit Costs
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