Transaction cost
id:
transaction-cost-173-1014469
title:
Transaction cost
text:
In economics, a transaction cost is a cost incurred when making an economic trade when participating in a market. The idea that transactions form the basis of economic thinking was introduced by the institutional economist John R. Commons in 1931. Oliver E. Williamson's Transaction Cost Economics article, published in 2008, popularized the concept of transaction costs. Douglass C. North argues that institutions, understood as the set of rules in a society, are key in the determination of transac
brand slug:
wiki
category slug:
encyclopedia
description:
Cost of making any trade
original url:
https://en.wikipedia.org/wiki/Transaction_cost
date created:
2002-11-08T22:18:49Z
date modified:
2024-09-02T01:24:26Z
main entity:
{"identifier":"Q877496","url":"https://www.wikidata.org/entity/Q877496"}
image:
fields total:
13
integrity:
15