B2 to press or be pressed against something with a circular or up-and-down repeated movement: She yawned and rubbed her eyes sleepily. He rubbed (at) the stain on his trousers and made it worse. We rubbed some polish into the surface of the wood.
(Answer #1). Economic cost is a more comprehensive idea that accounting costs. Accounting costs only include what economists call explicit costs.. These are the amounts that a firm actually pays out to other people in the process of producing their product.ence, the difference between the economic cost and accounting cost is that the economic cost comprises the opportunity cost, while the accounting cost does not. Although the accounting costs are very important to company owners, the economists are mainly focused on economic costs rather than accounting costs.
Economic cost. Economic cost is the combination of gains and losses of any goods that have a value attached to them by any one individual. Economic cost is used mainly by economists as means to compare the prudence of one course of action with that of another. The goods to be taken into consideration are e.g. money, time and resources. The comparison includes the gains and losses precluded by taking a course of action, as those of the course taken itself.