economic cost

简明释义

经济成本

英英释义

例句

1.The economic cost 经济成本 of pollution can be measured in terms of health care expenses and environmental damage.

污染的经济成本 经济成本可以通过医疗费用和环境损害来衡量。

2.When evaluating projects, it is crucial to consider the economic cost 经济成本 associated with each option.

在评估项目时，考虑每个选项相关的经济成本 经济成本是至关重要的。

3.Investing in renewable energy has a lower economic cost 经济成本 compared to fossil fuels in the long run.

从长远来看，投资可再生能源的经济成本 经济成本低于化石燃料。

4.The company decided to assess the economic cost 经济成本 of outsourcing its manufacturing operations.

公司决定评估外包其制造操作的经济成本 经济成本。

5.The economic cost 经济成本 of traffic congestion includes lost productivity and increased fuel consumption.

交通拥堵的经济成本 经济成本包括生产力损失和燃料消耗增加。

作文

Understanding the concept of economic cost is crucial for anyone involved in decision-making, whether in business or personal finance. The term economic cost refers to the total cost of choosing one option over another, including both explicit costs and implicit costs. Explicit costs are direct monetary expenses, while implicit costs represent the opportunity costs associated with foregone alternatives. For instance, if a student decides to attend college instead of working full-time, the economic cost of attending college includes not only the tuition fees and other educational expenses but also the income the student could have earned by working during that time. When analyzing the economic cost of a decision, it is essential to consider all possible alternatives and their respective benefits. This approach allows individuals and businesses to make informed choices that maximize their utility or profit. In the case of a company deciding whether to invest in new technology, the economic cost is not just the price of the technology itself but also the potential revenue lost from not investing in other projects. Thus, understanding economic cost involves looking beyond immediate financial implications to include long-term impacts on growth and sustainability.Moreover, the concept of economic cost extends to public policy and government decisions. Policymakers must evaluate the economic cost of various programs and initiatives, weighing the benefits against the resources required. For example, when considering an infrastructure project, the economic cost might encompass not only the construction expenses but also the environmental impact, social implications, and potential disruption to local communities. By comprehensively assessing economic cost, governments can allocate resources more effectively and create policies that promote overall societal welfare.In conclusion, grasping the idea of economic cost is fundamental for effective decision-making. Whether in personal finance, business strategy, or public policy, recognizing both explicit and implicit costs enables individuals and organizations to evaluate their choices critically. This understanding fosters a more strategic approach to resource allocation, ultimately leading to better outcomes and enhanced economic efficiency. As we navigate our financial landscape, keeping the economic cost in mind will guide us toward more informed and beneficial decisions.

理解经济成本的概念对于任何参与决策的人来说都是至关重要的，无论是在商业还是个人财务中。术语经济成本指的是选择一个选项而不是另一个选项的总成本，包括显性成本和隐性成本。显性成本是直接的货币支出，而隐性成本则代表与放弃替代方案相关的机会成本。例如，如果一名学生决定上大学而不是全职工作，那么上大学的经济成本不仅包括学费和其他教育费用，还包括学生在此期间本可以通过工作获得的收入。在分析决策的经济成本时，考虑所有可能的替代方案及其各自的收益至关重要。这种方法使个人和企业能够做出最大化效用或利润的明智选择。在公司决定是否投资新技术的情况下，经济成本不仅仅是技术本身的价格，还包括不投资其他项目可能失去的潜在收入。因此，理解经济成本涉及超越短期财务影响，考虑对增长和可持续性的长期影响。此外，经济成本的概念扩展到公共政策和政府决策。政策制定者必须评估各种项目和计划的经济成本，权衡收益与所需资源。例如，在考虑基础设施项目时，经济成本可能不仅包括建设费用，还包括环境影响、社会影响以及对当地社区的潜在干扰。通过全面评估经济成本，政府可以更有效地分配资源，制定促进整体社会福利的政策。总之，掌握经济成本的概念对于有效的决策至关重要。无论是在个人财务、商业战略还是公共政策中，认识到显性和隐性成本使个人和组织能够批判性地评估他们的选择。这种理解促进了对资源配置的更具战略性的思考，最终导致更好的结果和提高经济效率。当我们在金融环境中航行时，牢记经济成本将指导我们做出更明智、更有益的决策。