Major Links Between Economic and Technical Practice (Report‪)‬

Abstract: There is a major link between economic and technical practice. This mean that all technical projects involve economic and ecological aspects concerned opportunity cost, profit, externalities, economic analysis and so on. The aim of the paper is to present, briefly, economic concepts that an engineer need to know before a new project will begin or in the production process of an old economic good. Key words: economy, engineering, cost, profit, externalities