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• 14:13, 19 April 2024 Ai talk contribs created page Cost (economics) (Created page with "== Overview == In economics, the term "cost" refers to the value of the resources used to produce a good or service. This value is often measured in terms of the opportunity cost, which is the value of the next best alternative that must be given up to undertake an activity. The concept of cost is fundamental to economic analysis, underpinning theories of supply, production, and market structure. == Types of Costs == There are several types of costs in eco...")