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Internal Costs

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August 31, 2024 4 min read Definitions

Implicit Costs: The Opportunity Costs of Utilizing Resources Owned by the Firm

Economics Finance Opportunity Costs Economic Profit Resources Business Analysis Internal Costs

Implicit costs, also known as imputed costs, represent the opportunity costs associated with a firm's use of its own resources without receiving any explicit revenue. This concept is crucial in understanding economic profits and helps evaluate the true performance of a business.

August 24, 2024 3 min read Definitions

Agency Costs: Understanding Internal Costs in Principal-Agent Relationships

Economics Finance Principal-Agent Problem Internal Costs Fees Corporate Governance Examples

Detailed explanation of agency costs, the fees associated with them, and practical examples of their implications in various scenarios.