the benefit that could have been gained from an alternative use of the same resource
opportunity cost in Finance
(ɒpərtunɪti kɔst)
Word forms: (regular plural) opportunity costs
noun
(Finance: Economics)
An opportunity cost is the cost of not being able to do other things with time and resources because of doing the chosen activity.
The opportunity cost of holding money rather than buying bonds or some other interest-bearing asset isthe nominal interest that would otherwise be earned.
The opportunity cost of holding money rather than investing it for interest is the nominal interest thatwould otherwise be earned.
An opportunity cost is the cost of not being able to do other things with time and resources becauseof doing the chosen activity.
opportunity cost in Accounting
(ɒpərtunɪti kɔst)
Word forms: (regular plural) opportunity costs
noun
(Accounting: Management)
An opportunity cost is the cost of not being able to do other things with time and resources becauseof doing the chosen activity.
Business school applications have surged this year, though this partly reflects theeconomic downturn, which reduces the opportunity cost of taking time out from a career to study.
The opportunity cost of holding money rather than buying bonds or some other interest-bearing asset isthe nominal interest that would otherwise be earned.
An opportunity cost is the cost of not being able to do other things with time and resources becauseof doing the chosen activity.
cost
Examples of 'opportunity cost' in a sentence
opportunity cost
This means that income taxes reduce the opportunity cost of leisure time.
Miller, Roger LeRoy & Fishe, Raymond P. H. Microeconomics: Price Theory in Practice (1995)