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opportunity cost

[ op-er-too-ni-tee kawst ]
/ ˌɒp ərˈtu nɪ ti ˌkɔst /
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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.

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Origin of opportunity cost

First recorded in 1910–15
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

How to use opportunity cost in a sentence

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
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