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value added
(redirected from Added cost)

    Also found in: Financial, Wikipedia 0.01 sec.
value added
n
(Economics) the difference between the total revenues of a firm, industry, etc., and its total purchases from other firms, industries, etc. The aggregate of values added throughout an economy (gross value added) represents that economy's gross domestic product
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Heavy industries are battling to avoid paying for permits, saying the added cost will harm their ability to compete with overseas rivals such as those in India, North Africa or Russia.
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Despite this, for most small firms, the added cost and inconvenience caused by this strike could prove a near-fatal blow in such testing economic conditions and, for that reason alone, government intervention is surely necessary to ensure that damage is limited.
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