opportunity cost
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opportunity cost

In economics, that which has been forgone in order to achieve an objective. A family may choose to buy a new television set and forgo their annual holiday; the holiday represents the opportunity cost.

In decision-making, economists prefer to look at the opportunity cost because it requires a rational approach (all alternatives are examined), whereas an accountant's view of cost is more concerned with the way in which money is spent and the profit or loss that results.

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allocation of resources basic economic problem choice cost discounted cash flow good scarcity			I am the director of the Catholic Committee of Appalachia and deal firsthand with the opportunity costs of militarism, both in the reductions of vital social programs and the backdoor draft of the economically disadvantaged who have no other choice but to join the armed services. Spending our future by Rausch, John S. / Sojourners Magazine Professor Marcus Longley, acting director of WIHSC, said: "Every reorganisation creates as many problems as it solves, and the process of re-organisation carries high opportunity costs. WALES: 'Golden chance' for NHS reforms by Daily Post (Liverpool, England) He is best known for developing the quality-adjusted life year (QALY) as a generic outcome measure that would be sensitive to opportunity costs of health-care intervention, and synthesize the principled and the practical. The ideas and influence of Alan Williams; be reasonable--do it my way! by SciTech Book News			Opienski, Henryk Öpik, Ernst Julius Öpik, Lembit opinion poll opioid analgesic opioid antagonist Opitz, Martin opium Opium Wars Opole Oporto opossum Oppen, George Oppenheim, Edward Phillips Oppenheim, James Oppenheim, Meret Oppenheim, Moritz David Oppenheimer, Ernest Oppenheimer, Harry Frederick Oppenheimer, J Robert Oppenheimer, Jane M Oppolzer, Theodor Egon Ritter von opportunistic infection Opportunity opportunity cost Opportunity costs opposition Opposition, Leader of His/Her Majesty's Ops optic nerve optical aberration optical activity optical character recognition optical computer optical contouring optical emission spectrometry optical fibre optical illusion optical instrument optics optimum population option optoelectronics opuntia Opus opus anglicanum Opus Dei Opus posthumous OR OR gate oracle			Opportunities Industrialization Center Opportunities Industrialization Center of America Opportunities Industrialization Centers International Opportunities Page Opportunities to do Business Opportunities to Learn about Business Opportunities to Understand Childhood Hurt Laboratory Opportunities Unlimited for the Blind Opportunities, Alternatives and Resources opportunity opportunity opportunity opportunity opportunity opportunity Opportunity Analysis Opportunity and Risk Opportunity Center Inc. opportunity cost opportunity cost opportunity cost opportunity cost opportunity cost Opportunity Cost Method and Best Effort Opportunity cost of capital Opportunity cost of capital Opportunity cost of capital Opportunity cost of capital Opportunity cost of capital Opportunity cost of capital Opportunity costs Opportunity Description Document Opportunity Driven Multiple Access Opportunity Enterprises, Inc Opportunity Farm for Boys and Girls Opportunity Feasibility Management Opportunity Finance Network Opportunity for Advancement Opportunity for Change Opportunity for Defect Opportunity For Growth Opportunity For Improvement Opportunity For Improvement Opportunity Foundation of America Opportunity Foundation of Central Oregon Opportunity Housing Reserve Fund Opportunity Incentive Program Opportunity International Opportunity International Australia Opportunity International Bank of Malawi Opportunity knocks but once Opportunity line Opportunity Lines Opportunity makes a thief Opportunity Management System Opportunity Management System Opportunity Micro Credit Romania

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opportunity cost (redirected from Opportunity costs)

opportunity cost

opportunity cost
(redirected from Opportunity costs)