Meaning of “economic cost” in the English Dictionary

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"economic cost" in Business English

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economic costnoun [ C or U ]

uk us ECONOMICS

the cost in money, time, and other resources needed in order to do something or make something:

There is always an economic cost to preserving open land.
A dangerous asset-price bubble developed and eventually burst at huge economic cost.

(Definition of “economic cost” from the Cambridge Business English Dictionary © Cambridge University Press)