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The role of transaction costs

The role of transaction costs 28dA

Transaction costs are expenses incurred when buying or selling a good or service. Transaction costs represent the labor required to bring a good or service to market, giving rise to entire industries dedicated to facilitating exchanges. In a financial sense, transaction costs include brokers' commissions and spreads, which are the differences between the price the dealer paid for a security and the price the buyer pays.

Transaction costs are expenses incurred when buying or selling a This phrase/word (depending on the context) can be potentially replaced with :beneficialproduct
good
 or service. Transaction costs represent the labor required to bring a This phrase/word (depending on the context) can be potentially replaced with :beneficialproduct
good
 or service to market, giving rise to entire industries dedicated to facilitating exchanges. In a financial sense, transaction costs include brokers' commissions and spreads, which are the differences between the price the dealer paid for a security and the price the buyer pays. 

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