Difference between revisions of "Implicit costs"
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| − | Implicit costs are opportunities forgone or lost for the same expenditure of time and money. | + | Implicit costs are opportunities forgone or lost for the same expenditure of [[time]] and money. |
[[category:economics]] | [[category:economics]] | ||
Revision as of 14:57, October 1, 2007
Implicit costs are opportunities forgone or lost for the same expenditure of time and money.