What are economic damages in tort law?

Economic damages in tort law refer specifically to compensation for actual financial losses that can be quantified and measured. This includes costs directly incurred as a result of a tortious act, such as medical expenses, lost wages due to injury or disability, property damage, and related expenses. These damages are tangible and typically supported by receipts, bills, or documented income loss.

In contrast, other forms of damages, such as emotional distress, pain and suffering, or loss of companionship, fall under the category of non-economic damages. These are more subjective and not easily quantifiable in monetary terms. Non-economic damages seek to compensate for the emotional and psychological impact of an injury rather than the direct financial costs associated with it. By understanding this distinction, it becomes clear why the correct answer accurately defines economic damages.