Opportunity Cost

From civicintelligence
Revision as of 17:53, 30 May 2011 by Spachr22 (Talk | contribs)

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." References: Marcus, G. Kluge: True Wisdom

(Economics) Economics the benefit that could have been gained from an alternative use of the same resource. http://www.thefreedictionary.com/Opportunity+Cost