Operating cost economics is the process by which business owners and executives analyze the costs associated with running a company or organization. It’s a method that allows decision-makers to better understand the dollars and cents behind their operations, which can help inform decisions about budgeting, resource allocation, and even pricing strategies. Through operating cost economics, businesses can determine where they’re spending money unnecessarily and where they could be optimizing costs. By having an effective understanding of their operating costs, businesses have the opportunity to maximize efficiency and ensure their long-term success.