(July 2008). Economic cost is the gains and losses in money, time and resources of one course of action compared to another. The comparison includes the gains and losses precluded by taking a course of action, as the those of the course taken itself.Economic cost differs from accounting cost because it includes opportunity cost.o for the two to four years an individual spends in school, the opportunity cost includes the money that one could have been making at the best possible job. The economic cost of college is the accounting cost plus the opportunity cost.
In a report, the U.S. Census Bureau estimated that nearly 7 million school-age children are routinely left home alone. âDevelopmentally, children are generally ready to be home alone around the age of 12 or 13,â says Cherie Sage, State Director of Safe Kids Kansas.
Massachusetts does not set a specific age at which a child can be left home alone. In Massachusetts, such issues are decided on a case-by-case basis. For information on abandonment and neglect, see MGL c.119 s.his definition is not dependent upon location (i.e., neglect can occur while the child is in an out-of-home or in-home setting.). Other states have provided some helpful information for parents on the topic, however. See, for example, Florida's When to Leave Your Kids Alone.