answersLogoWhite

0


Best Answer

These are costs that are incurred to an individual or firm when they are carrying out the activities of consumption or production. They are the costs that those individuals or firms have to pay themselves.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Definition of private cost in economics?
Write your answer...
Submit
Still have questions?
magnify glass
imp