Opportunity Cost
Opportunity cost refers to the value of the next best alternative that must be given up in order to pursue a certain action. For example, if you decide to go to college, the opportunity cost may be the money you could have earned by working instead of going to school. Continue Reading Below
Encyclopedia Articles
Discover the definition of financial terms related to opportunity cost.
Implicit Rental Rates: Definition, Analysis, and Real-World Application
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Imputed Value: Definition, Applications, and Considerations
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Learn About Opportunity Cost
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