OPPORTUNITY COST

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

Cost in terms of foregoing alternatives

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("opportunity cost" is a kind of...):

cost (the total spent for goods or services including money and time and labor)

Hyponyms (each of the following is a kind of "opportunity cost"):

capital cost; cost of capital (the opportunity cost of the funds employed as the result of an investment decision; the rate of return that a business could earn if it chose another investment with equivalent risk)

carrying charge; carrying cost (the opportunity cost of unproductive assets; the expense incurred by ownership)

Credits