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 the price of a lost opportunity. In [[economic]] terms, opportunity cost is often wasted time that could have been spent earning money or the means to earn money. |
[[Category:Economics]] | [[Category:Economics]] | ||
Revision as of 21:00, April 18, 2008
Opportunity Cost is the price of a lost opportunity. In economic terms, opportunity cost is often wasted time that could have been spent earning money or the means to earn money.