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Explicit cost

An explicit cost is a direct payment made to others in the course of running a business, such as wage, rent and materials, as opposed to implicit costs, where no actual payment is made. It is possible still to underestimate these costs, however: for example, pension contributions and other "perks" must be taken into account when considering the cost of…

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Explicit cost

Nodes5
Edges4
Triples1
Avg. degree1.6
Density0.4
Components1

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Explicit cost

Top relations

is a · 1
Explicit cost → direct payment made to others in the course of running a business

Important terminology Word statistics

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Important terminology

costs explicit account cost implicit taken considering profit direct payment made others course running business wage rent materials opposed actual

Entity relationships Subject–Predicate–Object triples

SubjectPredicateObjectConfidenceSrc
Explicit costis adirect payment made to others in the course of running a business0.90text

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