| Abatement Costs |
A cost borne by many businesses for the removal and/or reduction of an undesirable item that they have created. Abatement costs are generally incurred when corporations are required to reduce possible nuisances or negative byproducts created during production.
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Examples of abatement costs would be the pollution reduction costs of paper mills and noise reduction costs of manufacturing plants.
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Economics Basics Tutorial - Learn economics principles such as the relationship of supply and demand, elasticity, utility, and more! |
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