See Also: Opportunity cost(finance)
opportunity cost(encyclopedia)
Opportunity Cost(money)
Opportunity cost of capital(money)
Valuation Opportunity Cost(money)
Opportunity cost of capital(finance)
Valuation opportunity cost(finance)
Opportunity Cost - Motor Sports(gambling)
Prime cost or direct cost(finance)
Opportunity(money)

opportunity cost (sh)




In economic terms, the opportunities forgone in the choice of one expenditure over others.

For a consumer with a fixed income, the opportunity cost of buying a new dishwasher might be the value of a vacation trip never taken or several suits of clothes unbought. The concept of opportunity cost allows economists to examine the relative monetary values of various goods and services.