Definition of Opportunity cost

1. Noun. Cost in terms of foregoing alternatives.

Generic synonyms: Cost
Specialized synonyms: Capital Cost, Cost Of Capital, Carrying Charge, Carrying Cost



Definition of Opportunity cost

1. Noun. (economics) The cost of an opportunity forgone (and the loss of the benefits that could be received from that opportunity); the most valuable forgone alternative. ¹

¹ Source: wiktionary.com

Opportunity Cost Pictures

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Lexicographical Neighbors of Opportunity Cost

opportune
opportunely
opportuneness
opportunenesses
opportunism
opportunisms
opportunist
opportunistic
opportunistic infection
opportunistic infections
opportunistic pathogen
opportunistically
opportunists
opportunities
opportunity
opportunity cost (current term)
opportunity engineering
opportunivore
opportunivores
oppos
opposabilities
opposability
opposable
opposal
opposals
oppose
opposed
opposeless
opposer
opposer muscle of little finger

Literary usage of Opportunity cost

Below you will find example usage of this term as found in modern and/or classical literature:

1. Medicare and Graduate Medical Education by James Baumgardner (1995)
"The opportunity cost of being a physician is calculated by considering the income ... In addition, the total opportunity cost includes the direct costs of ..."

2. Introduction to Economics by John Roscoe Turner (1919)
"Kinds of opportunity cost. 14. Past cost and present supply: present cost and future supply. 15. Selling below cost. 16. Joint-cost. 17. ..."

3. Introduction to Economics by John Roscoe Turner (1919)
"Kinds of opportunity cost. 14. Past cost and present supply: present cost and future supply. 15. Selling below cost. 16. Joint-cost. 17. ..."

4. Investing in Biological Diversity: The Cairns Conference : Proceedings of by OECD Staff (1997)
"This marginal opportunity cost ("MOC"; see McNeely, 1988) of carrying out forestry production rather than biodiversity protection in an area is equal only ..."

5. Value and Distribution: A Critical and Constructive Study by Herbert Joseph Davenport (1908)
"In this last sense, also, there is room for argument for the establishment of an investment-opportunity or product- opportunity cost with reference to rent ..."

6. Value and Distribution: A Critical and Constructive Study by Herbert Joseph Davenport (1907)
"In this last sense, also, there is room for argument for the establishment of an investment-opportunity or product- opportunity cost with reference to rent ..."

7. Principles of Economics by Fred Manville Taylor (1913)
"When a land owner can rent a certain piece of ground for pasture at $130 a year and I want it for a golf ground, then $130 is the opportunity cost of ..."

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