In finance and economics,implicitandexplicitare used in the termsimplicit costsandexplicitcosts. Of the two,explicitcostsare easier to understand. These arecostsexpressly documented as such by a company.Explicitcostsinclude things like employee salaries, repairs, utility bills, debt payments, land purch...
Explicit Cost Meaning Explicit costs are the culmination of all direct and indirect expenses recorded in a company’s ledger. It includes expenses that impact the profitability of a business—raw material, wages, rent, administrative charges, and sales expenses. They are mentioned in the financial...
Cultural uniqueness- place of birth, race, length of time in the country. The Purnell Model for Cultural Competence is an assessment tool used in primary, secondary, and tertiary care. The model has its roots in biology, anthropology, sociology, economics, geography, political science, pharmacolog...
In addition, standard enforcement mechanisms are often unable to function effectively in the early stages of market development, meaning these types of problems in transition economies cannot be resolved simply by the courts or through law enforcement or regulation. Mechanisms beyond law enforcement are...
The local government also utilizes the operation costs accrued by the project company to successfully execute the construction and operation of the PPP project as the foundation for obtaining additional reasonable profits. For instance, the finance of Hohhot City is required to subsidize over 60% of...