opportunity cost
Definition of opportunity cost
: the added cost of using resources (as for production or speculative investment) that is the difference between the actual value resulting from such use and that of an alternative (such as another use of the same resources or an investment of equal risk but greater return)
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1894
First Known Use of opportunity cost
1894
Other Economics Terms
Law Dictionary
opportunity cost
Legal Definition of opportunity cost
: the cost of making an investment that is the difference between the return on one investment and the return on an alternative
Learn More about opportunity cost
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Britannica.com: Encyclopedia article about opportunity cost
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