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LOTERRE

LOTERRE

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Concept information

Preferred term

fixed versus variable costs  

Definition(s)

  • Costs refer to the economic input required to achieve a certain outcome, that is, the amount one spends to produce a service or a product, or the value imputed to a resource. Costs are distinguished from charges, which are the prices of services and do not reflect the actual costs of all inputs. [Source: Encyclopedia of Medical Decision Making; Costs, Fixed versus Variable]

Belongs to group

URI

http://data.loterre.fr/ark:/67375/N9J-Z8RNK68K-W

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