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economic life

   Also found in: Encyclopedia 0.04 sec.
Economic Life
The time period over which an asset's NPV is maximized. Economic life can be less than absolute physical life for reasons of technological obsolescence, physical deterioration, or product life cycle.
economic life
The period of time during which a fixed asset competitively produces a good or service of value. The economic life of an asset may be particularly short in a rapidly changing field such as electronics where new developments often render an asset obsolete shortly after it is purchased. Companies sometimes continue to carry assets with expired economic lives on their balance sheets because they do not wish to penalize their earnings by writing off the assets. See also physical life.
economic life

The period of time during which an improvement has value in excess of its salvage value;the useful life span of an improvement.



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The astonishing and quite unpredictable explosion in Christian numbers in recent years is clearly connected to a widespread sense that the equally extraordinary explosion in the economic life has left many huge questions about personal and social values unanswered," said Archbishop Williams at the end of his Oct.
Opportunities for church in China are 'enormous,' says Williams by Anglican Journal
Whereas wealthy city elites, who are mostly of Spanish ancestry, have traditionally dominated political and economic life, the majority of Bolivians are low-income subsistence farmers, miners, small traders or artisans.
A new historical period begins by Los Angeles Business Journal
That aside, this undergraduate-oriented monograph discusses many serious, relevant and contentious issues about the economic life, identity politics and ethnic tensions of present-day Taiwanese society.
Tanners of Taiwan: Life Strategies and National Culture by Harris, Lane J. / Pacific Affairs
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