| Webster's Online Dictionary |
| Expressions | Definition | ||
| Implicit cost | In economics, an implicit cost imposed on a firm includes costs when it foregoes an alternative action but doesn't make a physical payment. (references) | ||
Source: compiled by the editor from various references; see credits. | Top | ||
| Expressions | Domain | Definition | |
| Implicit cost | Business | The cost attributed to using an asset which is owned by the user. The opportunity cost of not putting an asset to its best alternative use. Source: European Union. (references) | |
Source: compiled by the editor from various references; see credits. | Top | ||
