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 ?
Indeed, argues Soto: "What is the economic cost of having a generation that cannot reproduce?
Moreover, the slow rate of blacks entering managerial, professional and technical positions - and the economic cost to the nation - will probably narrow only slightly this decade.
The impact of non-compliance is far reaching and includes decrease in efficacy and reliability of medications, increasing progression of the condition, and increasing overall economic cost.
The economic cost of these crashes is estimated at more than $50 billion a year.
By simply endorsing the eventual need for a modest mandatory greenhouse control program and beginning to develop it, the administration, at a stroke, with no sacrifice of principle and at modest economic cost, could burnish its credibility on the environment.
As important, the economic cost of the LCT is greatest when corporate income and cash flow are diminished during recessions.
Mental illness not only costs individuals, families, the health care system and community but it also exacts an economic cost, which was estimated to be at least $7.
In fact, even if the shareholder will bear the economic cost of an S loss, he may not be enticed to deduct a passthrough loss against his basis in S debt unless the debt was acquired in the "right" way.
Although the economic cost of Bancafe's intervention to the economy in terms of contributing to potential macroeconomic instability and foregone growth would be difficult to estimate, the net cost to the public sector should be relatively low in terms of GDP as the government does not intend to recapitalize the bank or assume any obligations of the trust formed to liquidate Bancafe's assets.
The Cabinet Committee on Economic Affairs has approved, that subject to availability of foodgrains in the Central Pool, allocation of foodgrains for festivals and natural calamities to States/ Union Territories (UTs) will be made at Minimum Support Price (MSP) and MSP derived prices for wheat and rice respectively, and at economic cost for any other additional foodgrains requirement of the States/UTs.
The proposed restriction on federal income tax deductibility for these taxes will increase their economic cost to corporations operating in capital tax jurisdictions, thereby increasing the existing incentive to move capital-intensive businesses to jurisdiction where such taxes are not imposed.
We are very excited about the ALLEVYN Life product and the impact it can have on reducing the human and economic cost of wounds.

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