Noun
/kos.to/
The word "costo" refers to the amount of money required for a particular item or service. In an economic and legal context, it represents the expenditure associated with production, acquisition, or service delivery. It is commonly used in both oral and written contexts, particularly in business, finance, and accounting discussions. The frequency of use is higher in written contexts, such as reports, contracts, and academic papers, but it also appears frequently in conversations regarding purchasing decisions and budgeting.
El costo del proyecto superó nuestras expectativas.
The cost of the project exceeded our expectations.
Debemos analizar el costo de producción antes de fijar el precio de venta.
We must analyze the production cost before setting the selling price.
El costo de la vida ha aumentado en los últimos años.
The cost of living has increased in recent years.
The word "costo" is often used in various idiomatic expressions, especially in economic discussions:
Costo de oportunidad
Opportunity cost: Se refiere a la pérdida de potencial beneficios al elegir una alternativa sobre otra.
Refers to the loss of potential benefits when choosing one alternative over another.
Example: Al invertir en acciones, tienes que considerar el costo de oportunidad de no invertir en bienes raíces.
When investing in stocks, you have to consider the opportunity cost of not investing in real estate.
Costo hundido
Sunk cost: Se refiere a una inversión que ya ha sido realizada y que no se puede recuperar.
Refers to an investment that has already been made and cannot be recovered.
Example: No debes dejar que el costo hundido te influya en tu decisión de salir del proyecto.
You shouldn’t let the sunk cost influence your decision to exit the project.
Reducir costos
To reduce costs: Estrategia utilizada por las empresas para mejorar la rentabilidad.
Strategy used by companies to improve profitability.
Example: La empresa implementó medidas para reducir costos y aumentar su eficiencia.
The company implemented measures to reduce costs and increase efficiency.
The word "costo" comes from the Latin "costus," which refers to the expense or value of something. Over time, it has evolved in the Spanish language to denote the cost associated with various aspects of finance and economics.
Synonyms: - Precio (Price) - Gastos (Expenses)
Antonyms: - Beneficio (Benefit) - Ganancia (Profit)
This comprehensive analysis provides an understanding of the usage and context of the word "costo" within the Spanish language, particularly in economics and its relevance in expressions and terms commonly utilized in both written and oral communication.