| / English Dictionary |
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)
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