Finance / July 7, 2018 / Isabella Mccray
Economic cost is the combination of gains and losses of any goods that have a value attached to them by any one individual. Economic cost is used mainly by economists as means to compare the prudence of one course of action with that of another. The goods to be taken into consideration are e.g. money, time and resources.
Depending on your reason for valuing a business, you have several options for coming up with a basic company worth. If you need to sell the business quickly, you can use tangible assets and current liabilities to find a value. If you’re looking to get the maximum possible for your business, or an accurate value for a business you might buy, you’ll add more calculations.
We Also Think You’ll Like