• The cost of [choosing] one course of action over another. Letting your [second best] option pass.
    Economists tend to measure opportunity cost in terms of money for [simplicitys] sake. However value isnt always monetary.


    Opportunity cost meaning & definition 1 of Opportunity cost.


  • the value of the action that you do not choose, when choosing between two possible options:

    Opportunity cost meaning & definition 2 of Opportunity cost.

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