opportunity cost
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.
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Origin of opportunity cost
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Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
How to use opportunity cost in a sentence
They actually also say that how you judge the value of what you’re doing is not only based on what you’re doing, but it’s also based on opportunity cost.
Because there’s a significant opportunity cost of not asking such questions.
Can I Ask You a Ridiculously Personal Question? (Ep. 451) | Stephen J. Dubner | February 11, 2021 | FreakonomicsJust think of all the opportunity cost of decreasing that novelty-seeking.
Why Do We Seek Comfort in the Familiar? (Ep. 445) | Stephen J. Dubner | December 24, 2020 | FreakonomicsWhen they have the alerts on, they start thinking about the opportunity cost of that leisure.
How to Stop Feeling Crushed for Time - Issue 92: Frontiers | Brian Gallagher | October 28, 2020 | NautilusOn the other hand, if we think about it economically, you think about opportunity costs.
First, the opportunity cost of the conflict, which is not widely appreciated.
Israelis and Palestinians: Getting Down To Business | Bernard Avishai | June 24, 2013 | THE DAILY BEASTOne would think Israelis would understand the opportunity cost, and moral hazard, of denying these things to Palestinians.
British Dictionary definitions for opportunity cost
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
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