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opportunity cost

op·por·tu·ni·ty cost
O o

Transcription

    • US Pronunciation
    • US IPA
    • UK Pronunciation
    • UK IPA
    • [op-er-too-ni-tee, -tyoo- kawst, kost]
    • /ˌɒp ərˈtu nɪ ti, -ˈtyu- kɔst, kɒst/
    • /ˌɒpəˈtjuːnəti kɒst/
    • US Pronunciation
    • US IPA
    • [op-er-too-ni-tee, -tyoo- kawst, kost]
    • /ˌɒp ərˈtu nɪ ti, -ˈtyu- kɔst, kɒst/

Definitions of opportunity cost words

  • noun opportunity cost the money or other benefits lost when pursuing a particular course of action instead of a mutually-exclusive alternative: The company cannot afford the opportunity cost attached to policy decisions made by the current CEO. 1
  • noun opportunity cost the benefit that could have been gained from an alternative use of the same resource 0
  • noun opportunity cost An opportunity cost is the cost of not being able to do other things with time and resources because of doing the chosen activity. 0
See all 3 definitions of opportunity cost

Information block about the term

Origin of opportunity cost

First appearance:

before 1910
One of the 15% newest English words
First recorded in 1910-15

Historical Comparancy

Parts of speech for Opportunity cost

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Full grammatical hierarchy of Opportunity cost

opportunity cost popularity

A pretty common term. Usually people know it’s meaning, but prefer to use a more spread out synonym. About 55% of English native speakers know the meaning and use word.
Most Europeans know this English word. The frequency of it’s usage is somewhere between "mom" and "screwdriver".

opportunity cost usage trend in Literature

This diagram is provided by Google Ngram Viewer

See also

Matching words

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