OPPORTUNITY COST

Pronunciation (US):

(GB):

IPA (US):

 Dictionary entry overview: What does opportunity cost mean? 

• OPPORTUNITY COST (noun)
  The noun OPPORTUNITY COST has 1 sense:

1. cost in terms of foregoing alternatives

  Familiarity information: OPPORTUNITY COST used as a noun is very rare.

 Dictionary entry details 

• OPPORTUNITY COST (noun)

Sense 1

Meaning:

Cost in terms of foregoing alternatives

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("opportunity cost" is a kind of...):

cost (the total spent for goods or services including money and time and labor)

Hyponyms (each of the following is a kind of "opportunity cost"):

capital cost; cost of capital (the opportunity cost of the funds employed as the result of an investment decision; the rate of return that a business could earn if it chose another investment with equivalent risk)

carrying charge; carrying cost (the opportunity cost of unproductive assets; the expense incurred by ownership)