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- Opportunity_cost abstract "In microeconomic theory, the opportunity cost of a choice is the value of the best alternative forgone, in a situation in which a choice needs to be made between several mutually exclusive alternatives given limited resources. Assuming the best choice is made, it is the "cost" incurred by not enjoying the benefit that would be had by taking the second best choice available. The New Oxford American Dictionary defines it as "the loss of potential gain from other alternatives when one alternative is chosen". Opportunity cost is a key concept in economics, and has been described as expressing "the basic relationship between scarcity and choice". The notion of opportunity cost plays a crucial part in ensuring that scarce resources are used efficiently. Thus, opportunity costs are not restricted to monetary or financial costs: the real cost of output forgone, lost time, pleasure or any other benefit that provides utility should also be considered opportunity costs.The concept seems a simple one, useful when applied to making everyday decisions about how best to spend limited time money. However, even professional economists have forgotten or had difficulty in applying it.".
- Opportunity_cost wikiPageExternalLink basEss1.html.
- Opportunity_cost wikiPageExternalLink OpportunityCost.html.
- Opportunity_cost wikiPageExternalLink 01scene.html.
- Opportunity_cost wikiPageExternalLink watch?v=ezOdQUzLVAo.
- Opportunity_cost wikiPageID "45528".
- Opportunity_cost wikiPageRevisionID "606198070".
- Opportunity_cost hasPhotoCollection Opportunity_cost.
- Opportunity_cost subject Category:Costs.
- Opportunity_cost subject Category:Economics_terminology.
- Opportunity_cost subject Category:Microeconomics.
- Opportunity_cost subject Category:Time-based_economics.
- Opportunity_cost comment "In microeconomic theory, the opportunity cost of a choice is the value of the best alternative forgone, in a situation in which a choice needs to be made between several mutually exclusive alternatives given limited resources. Assuming the best choice is made, it is the "cost" incurred by not enjoying the benefit that would be had by taking the second best choice available.".
- Opportunity_cost label "Alternatieve kosten".
- Opportunity_cost label "Coste de oportunidad".
- Opportunity_cost label "Costo opportunità".
- Opportunity_cost label "Coût d'opportunité".
- Opportunity_cost label "Custo de oportunidade".
- Opportunity_cost label "Koszt alternatywny".
- Opportunity_cost label "Opportunity cost".
- Opportunity_cost label "Opportunitätskosten".
- Opportunity_cost label "Альтернативные издержки".
- Opportunity_cost label "تكلفة الفرصة البديلة".
- Opportunity_cost label "机会成本".
- Opportunity_cost label "機会費用".
- Opportunity_cost sameAs Náklady_obětované_příležitosti.
- Opportunity_cost sameAs Opportunitätskosten.
- Opportunity_cost sameAs Coste_de_oportunidad.
- Opportunity_cost sameAs Aukera-kostu.
- Opportunity_cost sameAs Coût_d'opportunité.
- Opportunity_cost sameAs Biaya_peluang.
- Opportunity_cost sameAs Costo_opportunità.
- Opportunity_cost sameAs 機会費用.
- Opportunity_cost sameAs 기회비용.
- Opportunity_cost sameAs Alternatieve_kosten.
- Opportunity_cost sameAs Koszt_alternatywny.
- Opportunity_cost sameAs Custo_de_oportunidade.
- Opportunity_cost sameAs m.0cchq.
- Opportunity_cost sameAs Q185715.
- Opportunity_cost sameAs Q185715.
- Opportunity_cost wasDerivedFrom Opportunity_cost?oldid=606198070.
- Opportunity_cost isPrimaryTopicOf Opportunity_cost.