What does the term "economic damages" specifically exclude?

The term "economic damages" specifically refers to quantifiable financial losses incurred as a direct result of an injury or wrongdoing. This includes aspects like lost wages, the cost of medical bills, and repair costs, all of which can be calculated and documented with clear evidence.

However, economic damages do not include damages for mental anguish, which fall under the category of non-economic damages. Non-economic damages are more subjective and pertain to pain and suffering, emotional distress, or loss of enjoyment of life, and are not easily quantifiable. Therefore, mental anguish does not fit within the parameters of what is considered economic damages because it lacks the objective financial impact that characterizes economic losses.