Explicit vs Implicit Costs: Understanding the Difference | Think Econ
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- čas přidán 5. 08. 2024
- This video introduces implicit and explicit costs in economics. We explain not only what each type of cost is, but we also provide multiple example of each type, and explain how they are used together to calculate something called "Economic Cost" .
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Very understandable explanation 😊
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You're welcome! I'm glad you found it helpful
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Thank you Hama, we appreciate the kind words! You can reach us at think.econyt@gmail.com
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Really helpful ❤
I'm glad to hear that!
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