opportunity cost, definition of

Opportunity Cost

The cost of an economic activity foregone by the choice of another activity.

EcoWho Articles where 'opportunity cost' used:EcoWho blog posts where 'opportunity cost' used:
  • The Carbon War
    The Carbon War - how the ABC misrepresent the political and social situation in Australia around the Carbon Tax.
  • Carbon Tax Pros and Cons
    We look at the Pros and Cons of the Carbon Tax...
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