Economic cost can best be defined as Multiple Choice any contractual obligation that results in a flow of money expenditures from an enterprise to resource suppliers. those payments for resources that involve an obvious cash transaction. the income the firm must provide to resource suppliers to attract resources from alternative uses. the opportunity cost of using a resource already owned by the firm.

The income the firm must provide to resource suppliers to attract resources from alternative uses.

Explanation:

Economic cost refers to the cost that is attached with the goods and it is attach by one of the individual. It takes into account various factors such as time, money and other costs.

Economic cost is differ from the accounting cost because accounting cost only includes explicit costs but economic cost includes both explicit costs and implicit costs (opportunity costs).  

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.