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 ?
Hidden costs are things like fees or payment charges that can mislead consumers and prevent them from understanding the actual cost of purchase.
HOLIDAYMAKERS hate hidden costs when they are preparing for a break away, a survey shows.
Dave Paulding, regional sales director for UK, Middle East and Africa at Interactive Intelligence, discusses the hidden costs associated with the cloud computing model.
Leader Nick Forbes said: "This is one of those hidden costs that has not been made public.
The study, The Hidden Costs of the Iraq War, estimates the wars have cost the average American family of four more than pounds 10,000, and that could rise to pounds 23,200 over the decade.
The hidden costs of farming revealed in a new survey published this week will come as no surprise to farmers.
For Americans who wonder how such an enormous financial commitment to medicine results in such spotty coverage, they are examples of the many hidden costs of which most medical consumers are unaware.
WATCH out for hidden costs that could scupper that move to a dream home.
Pay Now or Pay Later: The Hidden Costs of High School Exit Exams (May 2004)
Nearly half of the study participants identified hidden costs as the most common problem when managing outsourcing projects.
The report also cited hidden costs associated with poor nutrition and weight problems, including:
Purchasing items outside of normal acquisition channels to meet equipment needs presents users with hidden costs.