What is meant by explicit and implicit cost?

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Question ajoutée par SURESH ILLATHUPARAMBLE , FINANCE MANAGER , ROYAL PRINTING PRESS LLC
Date de publication: 2014/07/15

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par Mohamed Imthiaz , Vice President Finance , Emirates National Copper Factory LLC

It is in the details.

Implicit is a cost hidden with other costs so that you cannot see it seperately.

While explicit cost is a seperate identifiable cost that you can distinguish.

With google around the corner you can perhaps get more insights.

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