Difference between revisions of "Opportunity cost"
Jump to navigation
Jump to search
m (Text replace - "website=http://securipedia.tno.nl/cool/index.php?wiki=securipedia.tno.nl&concept=" to "website=http://securipedia.eu/cool/index.php?wiki=securipedia.eu&concept=") |
|||
| Line 1: | Line 1: | ||
=Opportunity cost= |
=Opportunity cost= |
||
| − | '''Opportunity cost''' is the cost of any activity measured in terms of the value of the next best alternative foregone (that is not chosen). It is the sacrifice related to the second best choice available to someone, or group, who has picked among several mutually exclusive choices<ref name="ftn101"> [[wikipedia:opportunity cost|source: wikipedia]]</ref> |
+ | '''Opportunity cost''' is the cost of any activity measured in terms of the value of the next best alternative foregone (that is not chosen). It is the sacrifice related to the second best choice available to someone, or group, who has picked among several mutually exclusive choices.<ref name="ftn101"> [[wikipedia:opportunity cost|source: wikipedia]]</ref> |
==Related subjects== |
==Related subjects== |
||
Revision as of 15:44, 21 March 2012
Opportunity cost
Opportunity cost is the cost of any activity measured in terms of the value of the next best alternative foregone (that is not chosen). It is the sacrifice related to the second best choice available to someone, or group, who has picked among several mutually exclusive choices.[1]
Related subjects
Footnotes and references
MAP
<websiteFrame> website=http://securipedia.eu/cool/index.php?wiki=securipedia.eu&concept=Opportunity_cost height=1023 width=100% border=0 scroll=auto align=middle </websiteFrame>
<headertabs/>
