Cost Opportunity See

Cost Opportunity See

Cost, Opportunity. See Opportunity Cost. Cost, Overhead. See Overhead Costs. Cost, Prime. See Cost.

Cost Pull. See Cost Push.

Cost Push, the process by which inflation at some periods since World War II has been said by some economists to have been caused or intensified by trade unions insisting on higher wages irrespective of output. The theory was that they used their strong bargaining power to raise wages and thus 'pushed up' costs. Other economists have argued that the trade unions could not have done this unless the demand for labour had been intensified by an excessive supply of money in the economy which exerted a 'cost pull', and that therefore it was the Government rather than the trade unions that was at fault.

Cost, Sunk. See Sunk Costs.

Cost, Supplementary. See Supplementary Costs. Cost, Unavoidable. See Supplementary Costs.

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