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Glossary entry

English term or phrase:

economics

English answer:

feasibility of production, distribution and consumption from an economic viewpoint

Added to glossary by Michael Powers (PhD)
Jul 17, 2004 18:13
19 yrs ago
English term

what is meant by "economics" here

English Bus/Financial Economics
The economics of this particular fuel cell technology is a major hurdle to its commercialization.
Responses
4 +6 feasibility of production, distribution and consumption from an economic viewpoint
4 +5 expense
4 +1 cost (of producing)
Change log

Dec 31, 2008 10:09: Michael Powers (PhD) changed "Level" from "Non-PRO" to "PRO"

Responses

+6
2 mins
English term (edited): what is meant by
Selected

feasibility of production, distribution and consumption from an economic viewpoint

The feasibility of the production, distribution and consumption from an economic perspective

Mike :)

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Note added at 1 hr 20 mins (2004-07-17 19:34:19 GMT)
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It could be either/or the cost or production and/or distribution and/or the actual cost of consumption. I feel that is the reason \"economics\" was used as a catch-all, if you will, instead of specifying the expenses or production per se.

Mike :)
Peer comment(s):
agree Kevin Pfeiffer (X) : "a good idea (perhaps) that's (still) too expensive"
3 mins
Thank you, Kevin - Mike :)
agree RHELLER
36 mins
Thank you, Rita - Mike :)
agree mrrobkoc
1 hr
Thank you, beeboy - Mike :)
disagree humbird : Difficulty of fuel cell is technology to make it commercially feasible. So when you talk about distributuion, etc., you are talking way too ahead. This tech. is still in experiemental stage.
2 hrs
You could very well be right, Susan; however, for those of us who do not know as much as you do about the current stage of fuel cell technology, linguistically "economics" includes "distribution", etc. Thus, hypothetically, at least, it makes sense.
agree Christian
5 hrs
agree Eva Karpouzi
6 hrs
agree Ramesh Madhavan : Disagree with Susan. May be we can modify answer by saying "Economic feasibility...". All factors mentioned by Michael are important for placing a product in the market. At the end of it all, the buyer should afford to pay and the seller must make profit.
10 hrs
agree Alfa Trans (X)
1 day 12 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thanks to all of you."
+5
10 mins

expense

is basically what it means - the technology is too expensive to use commercially
Peer comment(s):
agree swisstell
2 mins
agree Vicky Papaprodromou
46 mins
agree humbird : Yes, fuel cell is still to expensive to put to the popular market.
2 hrs
agree pike
3 hrs
agree Saleh Chowdhury, Ph.D.
4 hrs
Something went wrong...
+1
39 mins
English term (edited): economics

cost (of producing)

another way to put it
Peer comment(s):
agree Randa Farhat : costs stand as a major obstruction
5 mins
Something went wrong...
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