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Hunter Hastings

Entrepreneurial Strategy, Tools, and Philosophy Rooted in Austrian Economics

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Per Bylund’s Tweet Stream Explains The Concept Of Economic Cost And How It Directs Investment To The Highest Return Projects.

posted byHunter Hastingson

The concept of economic cost seems to confuse people. It is not the price you pay for a good, but the reason you pay it. The cost of one action is the value you could otherwise have gained, from …

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