Economic in United States

Economic 

Economic losses are those losses objectively measurable. They certainly include all material objects, i.e. chattel and real property. Under the better view losses to abstract non-corporeal rights such as patent, one’s reputation and goodwill will also be considered economic losses provided one can prove a lost stream of future income resulting from the injury. Economic losses do not however include any compensation for pain and suffering, emotional distress or other non-material rights which cannot be valued by the market.