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In economics, the value of a forgone choice is called an "opportunity cost" because it represents a potential value that is lost, at least initially.

There are several adjectives for things not chosen, including alternative, bypassed, forgone, deferred, or unpicked.

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Offering a choice of two things., Disjunctive; as, an alternative conjunction., Alternate; reciprocal., An offer of two things, one of which may be chosen, but not both; a choice between two things, so that if one is taken, the other must be left., Either of two things or propositions offered to one's choice. Thus when two things offer a choice of one only, the two things are called alternatives., The course of action or the thing offered in place of another., A choice between more than two things; one of several things offered to choose among.


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