opportunity cost


noun Economics.

the money or other benefits lost when pursuing a particular course of action instead of a mutually-exclusive alternative: The company cannot afford the opportunity cost attached to policy decisions made by the current CEO.

QUIZZES

IS YOUR DESERT PLANT KNOWLEDGE SUCCULENT OR DRIED UP?

Cactus aficionados, don't get left in the dust with this quiz on desert plants. Find out if you have the knowledge to survive this prickly foray into the desert!
Question 1 of 7
This tall, horizontally branched cactus is probably the most recognizable cactus in Arizona. What is it called?

Origin of opportunity cost

First recorded in 1910–15
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020

British Dictionary definitions for opportunity cost

opportunity cost

noun

economics the benefit that could have been gained from an alternative use of the same resource
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012