WebApr 14, 2024 · 1. Expenses or indirect costs which are not directly related to the core “product” or “service” of the company are termed indirect expenses. 2. They become a part of the total cost of goods/services sold. 2. Indirect expenses are not included in the total cost of goods/services sold. 3. WebThe global public good concept is an extension of the economic tradition of classifying goods and services according to where they stand along two axes – one measuring rivalry in consumption, the other measuring excludability – as illustrated in Table 1. Table 1. Classification of goods by rivalry and excludability. Rivalry in consumption.
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