Opportunity cost is what you give up in order to get something else. Paying money is the opportunity cost for ice cream for example.
Opportunity cost is fundamental in understanding the true economist cost (and thus profitability) of actions.
Opportunity cost or real cost.
In the economical term opportunity cost means the best next alternative forgone
The economic term for what you lose when using resources for something else is known as opportunity cost.
The economic term for the cost of a choice is the opportunity cost.
Opportunity cost is fundamental in understanding the true economist cost (and thus profitability) of actions.
Opportunity cost or real cost.
In the economical term opportunity cost means the best next alternative forgone
The economic term for what you lose when using resources for something else is known as opportunity cost.
The economic term for the cost of a choice is the opportunity cost.
Opportunity Cost.
An oppurtunity invoving business careers or a positive happening for a business
Opportunity cost is the cost that an opportunity presents. The opportunity benefit is the benefit of the opportunity that is being presented.
the value of what a person or economy gives up to get something else
Opportunity cost means that there is an opportunity to get something in a lower cost. __by Alondra Rico
Opportunity cost is defined as the cost of any activity measured in terms of the best alternative activity which is forgone. For instance, if you're choosing between 4 stocks, chose stock 1 and all 4 stocks go up, but stock 3 rises the most, you measure your opportunity cost against ONLY stock 3. So the opportunity cost in this case would be the BEST alternative.
The economic term for what you lose when using resources for something else is known as opportunity cost.