bn:00660489n
Noun Concept
Categories: Production economics, Costs, New institutional economics, Articles with short description
EN
transaction cost  entry cost  transaction-cost economics  transaction cost economics  transaction costs
EN
The cost of participating in a market. Open English WordNet
Definitions
Examples
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EN
The cost of participating in a market. Open English WordNet
In economics and related disciplines, a transaction cost is a cost in making any economic trade when participating in a market. Wikipedia
A cost incurred in making an economic exchange Wikipedia Disambiguation
Cost incurred in making an economic exchange Wikidata
EN
The buyer of a used car faces a variety of different transaction costs: the costs of finding a car and determining the car's condition, the costs of negotiating a price with the seller, and the costs of ensuring that the seller delivers the car in the promised condition. Open English WordNet