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For a much larger group of westerners, these fires inflict a lesser but chronic cost.
Higher fuel prices and ageing equipment added to the chronic cost of widespread electricity theft.
William Baumol, an economist at New York University, has characterised health care as "a handicraft industry" afflicted by the chronic "cost disease of personal services".Yet these explanations are not wholly convincing.
Flagship projects in the US and Europe are suffering from chronic cost overruns, while the UK's Hinkley Point C project is in doubt, despite the UK government signing a 35-year deal to buy electricity at nearly twice the current market rate.
The straitened circumstances plaguing the global economy, combined with the chronic cost increases before the financial crisis, could push universities to put these ideas into practice and work harder to please the people who write the checks and give them better value for money.
New nuclear plants cost $10 billion at a minimum and have a history of chronic cost overruns.
Similar(54)
We have chronic cost-cutting, mostly, to thank for that.
Serious, but rare, adverse events associated with HT can lead to exceptionally high acute and chronic costs [ 43].
The most common adult chronic diseases cost the U.S. economy more than $1 trillion every year.
He added that as Axa was also a large provider of health insurance, chronic diseases cost the firm a lot of money.
The administration's own internal monitors regularly filed reports detailing chronic mismanagement, cost overruns and rampant waste.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com