Difference between revisions of "Opportunity Cost"
From civicintelligence
(Created page with ' Back to Terms "Pay special attention to what some economists call "opportunity costs"; whenever you make an investment, financial or otherwise, ponder what else y…') |
m |
||
| (3 intermediate revisions by 2 users not shown) | |||
| Line 1: | Line 1: | ||
[[Glossary | Back to Terms]] | [[Glossary | Back to Terms]] | ||
| − | "Pay special attention to what some economists call "opportunity costs"; whenever you make an investment, financial or otherwise, ponder what else you might be doing instead." | + | "Pay special attention to what some economists call "opportunity costs"; whenever you make an investment, financial or otherwise, ponder what else you might be doing instead." References: True Wisdom (chapter) in ''Kluge'', Marcus, G. |
| − | + | Economics: the benefit that could have been gained from an alternative use of the same resource. | |
| + | |||
| + | |||
| + | http://www.thefreedictionary.com/Opportunity+Cost | ||
Latest revision as of 06:52, 9 April 2012
"Pay special attention to what some economists call "opportunity costs"; whenever you make an investment, financial or otherwise, ponder what else you might be doing instead." References: True Wisdom (chapter) in Kluge, Marcus, G.
Economics: the benefit that could have been gained from an alternative use of the same resource.
