opportunity cost

opportunity cost

n

(Economics) Economics the benefit that could have been gained from an alternative use of the same resource

Thesaurus

Noun

1.

opportunity cost - cost in terms of foregoing alternatives cost - the total spent for goods or services including money and time and labor capital cost, cost of capital - the opportunity cost of the funds employed as the result of an investment decision; the rate of return that a business could earn if it chose another investment with equivalent risk carrying cost, carrying charge - the opportunity cost of unproductive assets; the expense incurred by ownership