Cost: Difference between revisions
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== Discussion == | == Discussion == | ||
[[User Owned]] theory defines Cost from the User's point of view as the [[Price]]s of production paid by [[Own]]ers during the previous round of production. | |||
Contrast this with the [[Price]] paid by consumers and [[Profit]] as the difference between the two. --[[ | Cost = [[Price]] - [[Profit]] | ||
Some costs include: Access, Exclusion, Investment, Insurance, Installation, Maintenance, Operation, Pollution, Security, Storage, [[Wage]]s. | |||
Contrast this with the [[Price]] paid by consumers and [[Profit]] as the difference between the two. | |||
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[[Category:User_Owned]] | |||
Revision as of 01:12, 13 January 2008
See also:
Discussion
User Owned theory defines Cost from the User's point of view as the Prices of production paid by Owners during the previous round of production.
Cost = Price - Profit
Some costs include: Access, Exclusion, Investment, Insurance, Installation, Maintenance, Operation, Pollution, Security, Storage, Wages.
Contrast this with the Price paid by consumers and Profit as the difference between the two.