The phrase "don't cry over spilt milk" could be rephrased in economic terms by saying,

Name: The phrase "don't cry over spilt milk" could be rephrased in economic terms by saying,
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"Sunk costs are irrelevant to a decision" is an economic principle that mirrors the sentiment of "don't cry over spilt milk," suggesting that one should not worry about past losses that cannot be recovered, just as one should not lament over milk that has already been spilled.

The Phrase "Don't Cry Over Spilt Milk" Could Be Rephrased