Difference between revisions of "Opportunity cost"
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| − | [[Economic effects of anti-crime security measures|Cost of crime migitation]] |
+ | *[[Economic effects of anti-crime security measures|Cost of crime migitation]] |
| − | [[The economics of criminal and terrorist behaviour|The economics of criminal& terrorist behaviour]] |
+ | *[[The economics of criminal and terrorist behaviour|The economics of criminal& terrorist behaviour]] |
Revision as of 16:47, 20 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]
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