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Opportunity cost or real cost.
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∙ 12y ago
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In economics what is cost?
cost of what you give up to get it
What is the economic term for the money that is received from the sale of goods and services?
Revenue is the economic term for the money that is received from the sale of goods and services.
If choosing something means you give up something else what is the economic term for this?
The economic term for the cost of a choice is the opportunity cost.
What economic term for what you lose when using resources for something else?
The economic term for what you lose when using resources for something else is known as opportunity cost.
Which term best describes an economic slowdown?
An economic slowdown is called a recession.
Opportunity cost is?
Opportunity cost is the highest-valued alternative foregone in order to take an economic action.
How do you use the word foregone in a sentence?
We have foregone the chance to meet the Prime Minister to be on television instead. But that is just one.
What is the prefix for go?
semi
What is revenue foregone?
Revenue foregone is an adjustment to the rates tariff. It is a rates rebate that is generally available to all ratepayers of a particular category; e.g. residential land use. Therefore the revenue was never there to be collected (the revenue was foregone), and so should not be considered to be revenue in the first instance.
In economics what is cost?
cost of what you give up to get it
If choosing something means you give up something else what is the economic term for this?
The economic term for the cost of a choice is the opportunity cost.
What is the economic term for the money that is received from the sale of goods and services?
Revenue is the economic term for the money that is received from the sale of goods and services.
What economic term for what you lose when using resources for something else?
The economic term for what you lose when using resources for something else is known as opportunity cost.
Which term best describes an economic slowdown?
An economic slowdown is called a recession.
What does the economic term GDP term mean?
Gross Domestic Product
Provide a diffinition of the term economic?
provide a definition of the term economics
What is an term for sacrifice in Islam?
al-Adha (Festival of Sacrifice)
