+Transaction costs are the hidden burdens encountered when people or businesses [Exchange](/wiki/exchange) goods or services, beyond the item's direct price. They represent the friction in any deal, encompassing the effort to find a counterparty, negotiate terms, and ensure agreements are upheld. These often-overlooked expenses significantly impact [Market](/wiki/market) efficiency and individual decisions.
+## See also
+- [Market Failure](/wiki/market_failure)
+- [Property Rights](/wiki/property_rights)
+- [Information Asymmetry](/wiki/information_asymmetry)
... 1 more lines