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opportunity cost
[ op-er-too-ni-tee kawst ]
noun
, Economics.
- the money or other benefits lost when pursuing a particular course of action instead of a mutually-exclusive alternative:
The company cannot afford the opportunity cost attached to policy decisions made by the current CEO.
opportunity cost
noun
- economics the benefit that could have been gained from an alternative use of the same resource
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Word History and Origins
Origin of opportunity cost1
First recorded in 1910–15
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Example Sentences
First, the opportunity cost of the conflict, which is not widely appreciated.
From The Daily Beast
One would think Israelis would understand the opportunity cost, and moral hazard, of denying these things to Palestinians.
From The Daily Beast
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