Opportunity cost

 

 

 

Opportunity cost

 

Glossary of business

 

Definition of opportunity cost

 

The opportunity cost is the cost that results from making a choice. The opportunity cost is the value of the next best alternative foregone. The economic problem of scarcity means that we have to make choices and those choices result in an opportunity cost.

 

Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

link: http://business-tes.wikispaces.com/

Author : not indicated on the source document of the above text

 

Terminology about business

 

Job world

 

 

Definition and meaning of opportunity cost

 

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Meaning of opportunity cost

 

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What does opportunity cost mean ?

 

 

 

 

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