economic damages

Economic damages are monetary losses awarded in a legal case to compensate for tangible, quantifiable harms. They include expenses like medical bills, lost wages, property damage, and other financial costs directly resulting from an injury or wrongdoing. The goal is to make the injured party financially whole by covering the actual costs they've incurred. These damages are based on objective evidence such as receipts, invoices, or pay stubs, and are intended to restore the person or entity to the financial position they were in before the loss occurred.