📚 noun • entry_id 25711
opportunity cost
Meanings (ES + gloss)
coste de oportunidad • costo alternativo
The cost of an opportunity forgone (and the loss of the benefits that could be received from that opportunity); the most valuable forgone alternative.
Implicit in this fixation with time is the thesis that the opportunity cost of regular shopping is too high – that the hours spent driving to the better bookstore in the next town…
Thanks to business school, I can understand how I've actually paid for this time at home with my family—the opportunity cost of my time, my forgone income, etc.
Phrases
No hay frases
Word forms