About Alicia Keys. Alicia Keys can be described as a modern-day Renaissance woman. A 12-time Grammy Award-winning singer/songwriter/producer, Keys is also an accomplished actress, a New York Times best-selling author, an entrepreneur and a powerful force in the world of philanthropy and in the global fight against HIV and AIDS.
Implicit costs can also be thought of as intangible costs that are not easily accounted for. For example, the time and effort that an owner puts into the maintenance of the company, rather than working on expansion, can be viewed as an implicit cost of running the business.
The definition of implicit is, âimplied or understood though not plainly or directly expressed.â Something is, therefore, implicit when it is not directly stated but is either suggested in the wording or necessary to effectuate the purpose. For example, There is a morality implicit in his writings.