👉 The term "millincost" refers to a type of cost in which an employer pays for workers' wages directly to them, rather than passing on the cost to their customers. In other words, it is a form of direct labor cost that is paid by the employer directly to the worker. This type of cost can be used in industries such as manufacturing, construction, and retail, where the employer typically pays for all or part of the wages of its workers. For example, if a manufacturer
