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 ?
Opportunity costs are a foundation for any business
Last year, when opportunity costs were higher due to the rise in interest rates, there were only four alpha stocks with median return of only 11 percent.
Why compound the confusion by reading an article about opportunity costs? It doesn't even sound like a real cost.
As fiduciaries, Lewis and co-defendant Monica Fox failed to remit $58,531.72 in employee salary deferral contributions and loan repayment contributions, including lost opportunity costs, to the plan from July 2010 through April 2012.
Election spend can be broadly broken down into three categories: administrative costs, opportunity costs as the election period detracts from day-to-day life, and campaigning costs spent by political candidates.
"China's real lesson to the world, in turns out, is that maintaining cyber sovereignty is an expensive endeavor with sizable opportunity costs," he writes for the Diplomat.
While there will always be prospects who don't buy for one reason or another, the key is reducing these opportunity costs to their lowest point, in order to increase your sales and profitability, and take advantage of every possible opportunity.
When it comes to opportunity costs, show your clients how your partnership benefits them in the short and long run.
(18) Focusing on opportunity costs may inform this debate and explain the court's choice of common maximization.
Estimating the opportunity costs of informal care is important from a policy perspective.
The author thanks the participants of the AEA CTREE Session "Why Are Opportunity Costs Still Controversial?" as well as seminar participants at the University of Iowa and Western Illinois University.
In such contexts, opportunity costs have often been treated as zero, in part because the time for other customers to materialize is short.

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