Examlex
If an employee is "driven away" from their job and quits due to discriminatory abuse, there is said to be constructive discharge that may be actionable under Title VII.
Economic Profit
The profit a firm makes after subtracting both its explicit (out-of-pocket) and implicit (opportunity) costs.
Total Costs
The aggregate amount of all expenses associated with the production of a good or service, including both fixed and variable costs.
Implicit Costs
These are the costs of using resources owned by the company for production that aren't directly paid for or incurred as a clear expense.
Explicit Costs
Direct payments made to others in the course of running a business, such as wages, rent, and materials.
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