Table 11.

Definition of different types of costs

Term	Definition
Costs	Irreversible use of a resource
Direct costs	Costs of the material and labour used for production
Fixed costs	Costs that remain the same no matter how many goods or services are produced
Indirect costs	Costs related to the consequences of an event to society or an individual
Intagible costs	Costs of pain and suffering as a result of illness or treatment
Variable costs	Costs that change with the number of goods or services are produced

Adapted with permission from [22].