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Costs - (noun)


This has several meanings. (1) An amount of money paid for a good or service. Employers have labour costs, for example, which is the payment of wages and salaries. (2) Money that the losing party in a court case has to pay the winning party to cover legal expenses.


Source: Adapted from the Free Dictionary
Example of Use: Many employers are looking to automate their workplaces in order to cut labour costs.