Interactive Glossary

Add word to favorites list

BROWSE:

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Cost:
In accounting, an outlay for the purchase of a productive input or an allocation of an investment across time periods (Depreciation). Other costs include Wages, Salaries, and Materials. In economics, the opportunity cost is the highest valued alternative as the result of a choice. An opportunity cost sometimes involves some form of payment, like a wage. However, the existence of an opportunity cost does not depend on of any actual cash outlay.
Add word to favorites

Previously viewed words:

Cost-plus pricing
Cost-oriented pricing
Cost-of-living index
Cost-effectiveness analysis
Cost-benefit analysis
Cost-based pricing
Cost-axiomatic pricing
Cost, cross- subsidization of
Cost subadditivity
Cost reflective (cost causality) tariffs