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economic life

   Also found in: Financial 0.01 sec.
economic life [‚ek·ə′näm·ik ′līf]
(industrial engineering)
The number of years after which a capital good should be replaced in order to minimize the long-run annual cost of operation, repair, depreciation, and capital. Also known as project life.


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Make sure that your economic life is in good order before you start to fix your credit.
Access to information including to economic statistics and development trends plays an important role in the economic life of the country," said Lilian Darii, Deputy Head of the OSCE Centre in Bishkek.
The warm to 150 forget to welcome extended by the people of Bala and the Penllyn area to the thousands of visitors ensured that the National Eisteddfod has once again given a significant boost to the cultural and economic life of this part of Gw ynedd.
 
 
 
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