| A | | B | | C | | D | | E | | F | | G | | H | | I | | J | | K | | L | | M | | N | | O | | P | | Q | | R | | S | | T | | U | | V | | W | | Y | | Z |

Definition of "Real cost"

Real cost of a commodity is the amount of various inputs & the amount of labour used. For instance Real cost of a table is certain cubic of wood, a dozen of nails & say 5 hours of labour. Thus, real cost refers to the physical amount of various inputs including labour embodied in the production.

| A | | B | | C | | D | | E | | F | | G | | H | | I | | J | | K | | L | | M | | N | | O | | P | | Q | | R | | S | | T | | U | | V | | W | | Y | | Z |

Videos
Books
Notes
Loading
SIGN UP
Watch best faculty demo video classes

These top faculty video lectures will
help u prepare like nothing else can.