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Costlessness

Costlessness is the property of an action, decision, or outcome that incurs no expense or loss to the actor or other relevant parties. In everyday speech, something that is costless is free of price, but the term also encompasses implicit costs such as time, effort, or foregone alternatives. In theoretical models, a costless choice is one with zero opportunity cost, meaning choosing it cannot cause a trade-off against other options.

Economics distinguishes explicit costs (outlays of money) from implicit or opportunity costs (the next-best alternative foregone).

In information economics and computer science, the term occurs with digital goods or processes that have negligible

Ethical and policy discussions may consider costlessness in relation to externalities, public goods, or subsidies. A

Costless
decisions
are
often
treated
as
hypothetical
benchmarks
rather
than
typical
behavior,
since
in
most
settings
some
resource
is
consumed,
or
information
is
scarce.
The
concept
helps
analyze
welfare
and
decision
making
by
isolating
costs
from
benefits.
marginal
costs
or
no
additional
resource
use
for
certain
operations.
In
practice,
true
costlessness
is
rare
because
actions
typically
entail
time,
energy,
risk,
or
externalities,
even
if
monetary
costs
are
zero.
policy
could
render
a
service
nearly
costless
for
individuals,
but
society
may
incur
costs
in
production,
maintenance,
or
environmental
impact.