economic option costs

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Broader terms:
economic risksEconomic risks can be manifested in lower incomes or higher expenditures than expected. The causes can be many, for instance, the hike in the price for raw materials, the lapsing of deadlines for construction of a new operating facility, disruptions in a production process, emergence of a ...

Narrower terms:
adaptation costsCosts of planning, preparing for, facilitating, and implementing adaptation measures, including transition costs (UNFCCC, 2014), optimal economic option, complementarity, economic costCost: The consumption of resources such as labour time, capital, materials, fuels, etc. as the consequence of an action. In economics, all resources are valued at their opportunity cost, which is the value of the most valuable alternative use of the resources. Costs are defi ned in a variety of ...

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