Difference between revisions of "Opportunity Cost"
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| − | '''Opportunity Cost''' is the price of a lost opportunity. In economic terms, Opportunity Cost is wasted time that could have been spent earning money or the means to earn money. | + | '''Opportunity Cost''' is the price of a lost opportunity. In [[economic]] terms, Opportunity Cost is wasted time that could have been spent earning money or the means to earn money. |
[[Category:Economics]] | [[Category:Economics]] | ||
Revision as of 01:36, October 22, 2007
Opportunity Cost is the price of a lost opportunity. In economic terms, Opportunity Cost is wasted time that could have been spent earning money or the means to earn money.