Meaning of opportunity cost | Babel Free
Definitions
The cost of an opportunity forgone (and the loss of the benefits that could be received from that opportunity); the most valuable forgone alternative.
Equivalents
Examples
“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 can be spent doing something more valuable.”
“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.”
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.
See also
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