ECONOMIC INTERACTIONS ON THE CONSEQUENCES OF TRANSACTION COSTS

Authors

  • Anton Atno Parluhutan Sinaga Universitas Methodist Indonesia, Indonesia
  • Sunday Ade Sitorus Univesitas HKBP Nommensen, Indonesia

DOI:

https://doi.org/10.26458/jedep.v11i3.775

Keywords:

transaction costs, cost concept, and economic transaction costs

Abstract

Transaction costs arise because of contracts between one party and another, between one institution and another, between individuals and institutions and so on. The purpose of this study aims to determine the concept of costs in economic transactions in modern economic transactions. By using a research method, namely library research. The results of this study are current conditions showing that the concept of economic transaction costs is something real and is practiced in economic activities. The fact proves that economic transaction costs are an inseparable part of economic activity, besides that economic transaction costs cannot be avoided in economic activity. Anyone who carries out economic activities must be faced with economic transaction costs.

Author Biographies

Anton Atno Parluhutan Sinaga, Universitas Methodist Indonesia, Indonesia

MANAGEMENT

Sunday Ade Sitorus, Univesitas HKBP Nommensen, Indonesia

MANAGEMENT

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Published

2022-10-09

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