FOAK is an acronym for First of a Kind. It is used in engineering economics where the first item or generation of items using a new technology or design can cost significantly more than later items or generations, which are called NOAK an acronym for nth of a kind. [1]
References
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 | This economic term article is a stub. You can help Wikipedia by expanding it. |
FOAK is an acronym for First of a Kind. It is used in engineering economics where the first item or generation of items using a new technology or design can cost significantly more than later items or generations, which are called NOAK an acronym for nth of a kind. [1]
References
See also
|
| This economic term article is a stub. You can help Wikipedia by expanding it. |