What are economic damages?
When you think of damages, you think of two different categories. The first category being economic damages. Second category being non-economic damages. Economic damages are those damages that are measurable. What it costs to fix your car. What it costs for your medical bills. What lost wages that you have. What future damages or injuries that you have, and what it’s going to cost to repair those. Those are economic damages, or damages with fixed costs. Non-economic damages are going to be pain and suffering. They’re going to be mental anguish, and those categories of damages which don’t have a finite value.