Sunk cost in English dictionary

  • sunk cost

    Meanings and definitions of "Sunk cost"

    • (economics) A cost that has already been incurred and which cannot be recovered to any significant degree.
    • noun
      (economics)
      A cost that has already been incurred and which cannot be recovered to any significant degree.
    • already incurred costs
    • noun
      a cost that has already been incurred and which cannot be recovered to any significant degree.
      Behavioral economics recognizes that sunk costs often affect economic decisions due to loss aversion: the price paid becomes a benchmark for the value, whereas the price paid should be irrelevant.

    Grammar and declension of Sunk cost

    • sunk cost ( plural  sunk costs)
    • sunk cost (plural sunk costs)
  • Sunk cost
  • Sunk Cost

Sample sentences with "Sunk cost"

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