Difference between revisions of "Opportunity Cost"
Jump to navigation
Jump to search
(Revert inaccurate burlesquing of Conservapedia's point of view) |
|||
| Line 1: | Line 1: | ||
| − | Opportunity Costs are the price of a lost opportunity. In economic terms, Opportunity Cost is wasted time that could have been spent | + | Opportunity Costs are the price of a lost opportunity. In economic terms, Opportunity Cost is wasted time that could have been spent acquiring money or the means to gain money. |
Revision as of 11:53, February 22, 2007
Opportunity Costs are the price of a lost opportunity. In economic terms, Opportunity Cost is wasted time that could have been spent acquiring money or the means to gain money.