varúðarkostnaður
Varúðarkostnaður refers to the cost incurred by individuals or organizations to prevent or mitigate potential risks or future losses. It is a proactive expense aimed at avoiding more significant damages or negative consequences down the line. This concept is particularly relevant in fields such as economics, finance, and risk management.
The rationale behind incurring varúðarkostnaður is that the anticipated cost of preventive measures is less than
In economic terms, varúðarkostnaður can be seen as an investment in future security and stability. It acknowledges