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CBSE Class 12-commerce Answered

Define costs ?
Asked by abhishektiwari9450 | 28 Sep, 2018, 11:19: PM
answered-by-expert Expert Answer

The term cost is defined as the expenditure incurred by a firm on the production of a commodity such as factor inputs (land, labour, capital and entrepreneurship) and non-factor inputs (raw materials).

Answered by Tharageswari S | 29 Sep, 2018, 06:01: PM
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