Theoretical considerations about the definition and the structure of costs

Emilia Mihăilă
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Emilia Mihăilă: University of Petroşani, Romania

Annals of the University of Petrosani, Economics, 2002, vol. 2, 114-125

Abstract: The economists are, usually, using the concept of opportunity cost, which means the cost used to measure the value of all the things at which must be renounced in order to obtain something else. The measure of the opportunity cost can be identical, but not always, with the money expenses through which the accountant is measuring the cost

Keywords: opportunity cost; explicit cost; accountant cost; salaries expenses; extraordinary expenses (search for similar items in EconPapers)
Date: 2002
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