explicit costs meaning in English

显成本
直接以货币支付的成本

On the relationship between the market structure factors such as industrial centralization , product differential , entry block , economy of scale , and market structure as well as market performance . this paper analyses the trading cost ( explicit cost ) system of our country ' s securities market , based on the above mentioned analytical framework and study path provided by the industrial organization approach
这一分析方法，为个别产业的具体分析和实证研究提供了理论基础和研究路径，其中尤其是对作为市场结构因素的产业集中度、产品差别化、进入壁垒、规模经济等与市场结构和市场绩效之间关系的分析。
Under the special background of transitional economy in china , however , the cost of equity financing of listed companies , besides the general explicit cost , also contains rather high implicit cost , which covers the real expense paid by listed companies , and makes it difficult for capital market to exert the function of allocating resource at full
然而，在我国转轨经济的特殊背景下，上市公司股权融资成本除包含一般的显性成本外，还包括相当高的隐性成本，从而掩盖了上市公司进行股权融资所付出的真实代价，使资本市场配置资源的功能难以有效发挥。