opportunity cost

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opportunity cost

n. Economics
The net value or utility of the most desirable alternative to a projected course of action.

opportunity cost

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

opportunity cost

The benefit that is sacrificed by choosing one course of action rather than the next best alternative, e.g. the opportunity cost sacrificed in building a road might be use of the land for farming.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.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
References in periodicals archive ?
An innovative stock market, BIM is designed specifically to offer the region's fast-growing companies an alternative cost and time-effective means for raising capital.
This programme with MD 24-7 proprietary telemonitoring technology and virtual clinics allows patients to be monitored and treated in the comfort of their homes and/or offices and at the same time save approximately 50% of alternative cost. The service offered allows everyone to have immediate access to a highly qualified licensed physician or wellness expert at any time, 365 days a year, whether at home, work, on a business trip, or on vacation, without the need to make an appointment or wait in an emergency room queue.
This programme with MD 24-7 proprietary telemonitoring technology and virtual clinics allows patients to be monitored and treated in the comfort of their homes and/or offices and at the same time save approximately 50 percent of alternative cost. The service offered allows everyone to have immediate access to a highly qualified licensed physician or wellness expert at any time, 365 days a year, whether at home, work, on a business trip, or on vacation, without the need to make an appointment or wait in an emergency room queue.
While Welsh concedes that putting in place and maintaining a top-of-the-line cybersecurity system can be costly and disruptive, he urged broadcasters to consider the alternative cost if their operations become compromised because of successful cyberattacks.
The programme, with MD 24-7 tele-monitoring technology and virtual clinics, allows patients to be monitored and treated in the comfort of their homes or offices and save about 50 per cent of alternative cost.
The PWF realizes that there must be an alternative cost effective mechanism at the disposal of the workers to provide them with legal relief and to represent them in courts.
If the money holders see the alternative cost of saving in banks as far more than keeping their money in dollars, and if they are rational beings, why should they insist on writing it off?
However, the alternative cost for not maintaining equipment will be much higher since it will lead to the following issues: lost productivity, prematurely retiring equipment and the need to replace equipment.
Will this new alternative cost the Earth more than what we have already lost?
"Now, I think because the costs are so high, everybody's interested in alternative cost products,'' Mr.
For situations where a taxpayer manufactures two or more products of varying kinds or grades in the same manufacturing process, two alternative cost allocation methods may be available.

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