WordNet-Online
Free dictionary and thesaurus of English. Definitions, synonyms, antonyms and more...
Hint: double-click any word to get it searched!

	Enter your search terms Submit search form
	Web www.wordnet-online.com

Definitions from WordNet

Definitions from the Web

Opportunity Cost

Opportunity cost refers to the potential benefits or value that an individual or entity gives up by choosing one option over another. It is the value of the next best alternative that is forgone when making a decision.

Example Sentences:

1. The opportunity cost of going to the movies is staying at home and finishing my assignment.
2. By choosing to invest in stocks, I am aware of the opportunity cost of potentially missing out on real estate opportunities.
3. When deciding to pursue higher education, one must consider the opportunity cost of lost income during the years of study.

Possible Related Products:

To further understand and explore the concept of opportunity cost, you may find the following books on Amazon helpful:

• Opportunity Cost: A Step-by-Step Guide to Understand and Calculate it
• The Economics of Opportunity Cost
• Decision Making and Opportunity Cost: A Simple Guide