TRANSACTION COST
(noun)Definitions
There is 1 meaning of the phrase
Transaction Cost.
Transaction Cost - as a noun
The cost of participating in a market.
Example: "The buyer of a used car faces a variety of different transaction costs: the costs of finding a car and determining the car's condition, the costs of negotiating a price with the seller, and the costs of ensuring that the seller delivers the car in the promised condition."
Hypernyms (Closely Related)
costHyponyms (Broadly Related)
Example Sentences
"The high transaction costs associated with buying a house include agent fees, legal fees, and stamp duty."
"Online banking has reduced the transaction costs of transferring money between accounts."
"When trading stocks, transaction costs such as brokerage fees can significantly impact overall returns."
"Market competition leads to lower transaction costs for consumers."
"The economic model analyzes the effects of transaction costs on market efficiency."
