economic life


Also found in: Financial.

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.
References in periodicals archive ?
For her part, Ghazaryan assured that the Oxfam is keen to continue its support for the community organizations concerned with gender mergence in the political and economic life in Yemen.
An Afghanistan firmly embedded in the economic life of a thriving South and Central Asia will incentivise those interested in peace and reconciliation, according to the statement, which said neighbours and near-neighbours had a major stake in ensuring that Afghanistan developed from a post-conflict society to an active player in the global economy.
So a weighted average for the useful economic life of sewerage systems is approximately 44 years.
Therefore, even the study of labor and economic life, as was the case with warfare and militarism, must take into account the cultural ideas that shaped the exercise of political power.
In economic life, even after the last twenty years of celebrating our flexible labor, financial, and other markets, we still find to it be useful, if not admirable, to have some degree of loyalty between employer and employee, and between vendor and customer.
He said: "I will be leading an extremely talented and experienced board which is committed to continuing to delivering a major contribution to the economic life of the West Midlands and exceptional value to our members.
The formation of a department of real estate within the Zicklin School is a response to the pervasive impact of real estate on our economic life and on our society as a whole.
In The Company of Strangers: A Natural History of Economic Life (Princeton), University of Toulouse economist Paul Seabright explains how biological dispositions evolved to create the "great experiment" of civilization.
A commonly accepted metric is that over the economic life of a storage solution, management costs will be five times the initial acquisition cost.
Republicans generally support business and financial interests and a limited government role in social and economic life.
They add so much more to the broader social and economic life of our towns and regions.