Difference between revisions of "Cost"

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(Cost = Price - Profit)
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== Discussion ==
 
== Discussion ==
Some costs of production paid by owners include: Access, Exclusion, Investment, Insurance, Installation, Maintenance, Operation, Pollution, Security, Storage, [[Wage]]s.
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[[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. --[[User:Ownut|Ownut]] 18:58, 6 January 2008 (PST)
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Cost = [[Price]] - [[Profit]]
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Some costs include: Access, Exclusion, Investment, Insurance, Installation, Maintenance, Operation, Pollution, Security, Storage, [[Wage]]s.
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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:

  1. Transaction Costs; Mental Transaction Costs; Transaction Costs Theory
  2. Coordination Costs

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.