Siddhi sisodia Asked a Question
March 19, 2021 12:56 ampts 30 pts
what is economic cost for the business? how it is different from accounting cost
  • 2 Answer(s)
  • Shares
  • Rucha rajesh shingvekar
    You can calculate accounting cost by subtracting your expenses from your revenue. ... You can calculate economic cost by subtracting implicit costs from your accounting cost.
    • cropped3581498192488553892.jpg
    Likes(0) Reply(0)
  • Rucha rajesh shingvekar
    Economic cost is the combination of losses of any goods that have a value attached to them by any one individual. Economic cost is used mainly by economists as means to compare the...
    Show more
    Likes(0) Reply(0)
  • Priya gulani thankyou
    Economic cost looks at the gains and losses of one course of action versus another. It does this in terms of time, money, as well as resources. The term also includes determining t...
    Show more
    • cropped6427048942837860206.jpg
    Likes(0) Reply(0)
  • रौनक thankyou
    Economic Cost. Economic cost includes both the actual direct costs (accounting costs) plus the opportunity cost. For example, if you take time off work to a training scheme. You ma...
    Show more
    Likes(0) Reply(0)
Head Office :
MPA 44, 2nd floor, Rangbari Main Road,
Mahaveer Nagar II, Kota (Raj.) – 324005

Corporate Office:
212, F-1, 2nd Floor, Evershine Tower,
Amrapali Marg,
Vaishali Nagar, Jaipur (Raj.) – 302021

All Rights Reserved ©