IDEAS home Printed from
   My bibliography  Save this article

The Economic Content, Typology and Size of Costs. Minimizing Costs


  • Mihaela Nicoara

    () ("Dimitrie Cantemir" Christian University)


The economic management requires strictly measuring the costs, as a starting point in calculating the selling price, in choosing the best production alternative, in substantiating the resource consumption. Any entity will seek to maximize profits and minimize costs. Not in all circumstances does an increase in the size of the companies reduces costs and achieves savings. It all depends on the efficiency evolution of the used inputs. The economic entity may use the following ways to reduce production costs: laying in prod factors at the lowest price possible, reducing stocks, reducing specific raw materials consumption, reducing operation costs and improving the equipment’s usage degree etc.

Suggested Citation

  • Mihaela Nicoara, 2013. "The Economic Content, Typology and Size of Costs. Minimizing Costs," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(3), pages 123-126, September.
  • Handle: RePEc:khe:journl:v:5:y:2013:i:3:p:123-126

    Download full text from publisher

    File URL:
    Download Restriction: no

    File URL:
    Download Restriction: no

    More about this item


    Production cost; explicit cost; implicit cost; fixed cost variable cost; total cost;

    JEL classification:

    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:khe:journl:v:5:y:2013:i:3:p:123-126. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Adi Sava). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.