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

CHALLENGE YOURSELF WITH THIS MIDDLE SCHOOL PART OF SPEECH QUIZ!

How well do you know your adjectives from your adverbs? Your preposition from your pronouns? Your interjections from your conjunctions? Let’s put your knowledge of parts of speech to the text! Note: Many of the following questions will ask you to identify the parts of speech “in order.” That means the first word in all capital letters will correspond to the first option in an answer, and so on.
Question 1 of 10
In order, what parts of speech are the words in all capital letters? Alisa was VERY tired, SO she decided to go to bed.

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