Shadow price,
Definition of Shadow price:
The cost of the opportunity of an activity or project for the company is calculated when the actual cost is not known, or if it is known, does not reflect the actual sacrifices made.
How to use Shadow price in a sentence?
- The group leader said it was easy, convenient and safe to climb the mountain, but he did not know much about the value of the shadow behind the work.
- You can try to figure out the value of the shadow if it helps you plan the best path for the future.
- The proposed community center is careful to maintain shadow prices when approaching city meetings, so as not to cause disruption.
Meaning of Shadow price & Shadow price Definition
