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Definition of

implicit cost


cost of using resources owned by producer the cost of using resources that are owned by a company that is producing a good or service.

Related definitions of "implicit cost"

Definitions of ’implicit cost’ and meaning of ’implicit cost’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’implicit cost’ and other financial terms with our online QFINANCE Financial Dictionary.

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