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 ?
the hidden cost of moving house BUYERS and renters should budget an extra PS2,000 to cover the "hidden" costs of moving house, Admiral Home Insurance suggests.
I have leaflets, television adverts and a continual stream of "experts" telling me that the "free" smart meter is going to save me a small fortune, and then I read that it isn't free, it's a hidden cost, just like the "free" light bulbs that used to drop through my letterbox.
'Are you saying that the Singapore government hid this 'hidden cost'?' Najib asked in a statement today.
This adds fuel to the fire and creates a significant hidden cost through the various non-value added activities that now need to be performed.
Now Brightest Day - a huge story arc still running in the States - brings some of them back from the dead, but at a terrible hidden cost.
The hidden cost of premature repair can be just as high.
But while a mature market may have less hidden cost, it may be noncompetitive for high-volume, margin-sensitive product.
London, July 26 (ANI): The hidden cost of Britain's military campaign in Afghanistan has crossed the 12-billion-pound mark, a comprehensive analysis has revealed.
If you have a prospective resident or current resident who is considering purchasing a condo because it is a "good deal," let them know about this hidden cost: If the building is not fully occupied, those who live there will wind up footing the bill for all of the building's expenses, from window washing and pool cleaning to big-ticket costs like roof repair and boiler replacement.
But Singer and Mason uncover the high and hidden cost of cheap chicken (and eggs and milk) when they take us behind the meat and dairy counters to factory farms that no agribusiness representative wants anyone to see.
The authors did not mention the hidden cost sharing due to government mandates.
There can also be a hidden cost for each scan, of between $1,100 and $3,500, borne by the U.S.