Economists refer to out-of-pocket expenses for children for things such as food,clothing,housing,and education as

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Out-of-pocket expenses such as food, clothing, housing, and education are direct financial costs because they directly impact a family's budget and require actual monetary expenditures. Opportunity costs refer to the value of foregone alternatives, related costs refer to costs associated with a particular decision, and unrelated costs do not have any connection to the decision at hand.

Economists Refer to Out-Of-Pocket Expenses for Children for Things Such