The internal cost of an activity or decision in terms of the resources used to the agency creating the cost. It includes the cost of labour, other goods and services, capital (usually considered as a rental value) and consumables. It excludes external costs, productivity costs, uncompensated forgone earnings and elements of cost that may be undervalued by market prices. See External Effects, Opportunity Cost.
98 Direct Health Care Corporation Direct Health Care Corporation
A form of US corporation providing direct health care services to its members and subscribers through contracts with licensed health service personnel and health service institutions but one that does not pay cash indemnity benefits.
Was this article helpful?