Economic Obsolescence

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Definition: Economic Obsolescence

Economic Obsolescence
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Full Definition of Economic Obsolescence

Losses of value from causes outside the property itself. For example, the value of a home could drop if a large apartment building is constructed on the next lot. Also called environmental obsolescence and external obsolescence.

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https://payrollheaven.com/define/economic-obsolescence/
Modern Language Association (MLA):
Economic Obsolescence. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 20, 2024 https://payrollheaven.com/define/economic-obsolescence/.
Chicago Manual of Style (CMS):
Economic Obsolescence. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/economic-obsolescence/ (accessed: April 20, 2024).
American Psychological Association (APA):
Economic Obsolescence. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/economic-obsolescence/

Definition Sources

Definitions for Economic Obsolescence are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.