Implicit costs can also be thought of as intangible costs that are not easily accounted for. For example, the time and effort that an owner puts into the maintenance of the company, rather than working on expansion, can be viewed as an implicit cost of running the business.
Initially developed by Android Inc., which Google bought in 2005, Android was unveiled in 2007, along with the founding of the Open Handset Alliance â a consortium of hardware, software, and telecommunication companies devoted to advancing open standards for mobile devices.
Android apps are written in the Java programming language and use Java core libraries. They are first compiled to Dalvik executables to run on the Dalvik virtual machine, which is a virtual machine specially designed for mobile devices. Developers may download the Android software development kit (SDK) from the Android website.