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opportunity cost

noun, Economics
1.
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.
Origin of opportunity cost
1910-1915
1910-15
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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British Dictionary definitions for opportunity cost

opportunity cost

noun
1.
(economics) the benefit that could have been gained from an alternative use of the same resource
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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