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 .....
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http://en.wikipedia.org/wiki/Opportunity_cost
What is lost by not taking the next-best investment alternative.
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The cost of something in terms of opportunity foregone. The opportunity cost to a country of producing a unit more of a good, such as for export or to replace an import, is the quantity of some other good that could have been produced instead.
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http://www-personal.umich.edu/~alandear/glossary/o.html
(from the article `comparative advantage`) economic theory, first developed by 19th-century English economist David Ricardo, that attributed the cause and benefits of international trade to ... ...of society`s available resources; it means the foregoing of an opportunity to produce something else. In deciding how to use resources most ....
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http://www.britannica.com/eb/a-z/o/24
The decision to produce or consume a product involves giving up another product. The real cost of an action is the next best alternative forgone.
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http://www.encyclo.co.uk/local/20140
The decision to produce or consume a product involves giving up another product. The real cost of an action is the next best alternative forgone.
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http://www.encyclo.co.uk/local/20414
Opportunity cost:
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http://www.encyclo.co.uk/local/20425
In economics, that which has been forgone in order to achieve an objective. A family may choose to buy a new television set and forgo their annual holiday; the holiday...
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http://www.encyclo.co.uk/local/20688
The opportunity cost of a choice is the value of the best alternative given up.
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http://www.encyclo.co.uk/local/22398
The potential benefit that is foregone from not following the best (financially optimal) alternative
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http://www.encyclo.co.uk/local/22405
Term which refers to the value or benefit of something which will be lost in order to achieve or pursue something else
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http://www.encyclo.co.uk/local/22643
In general, the >cost of an alternative that must be forgone in order to pursue a certain action, or... <a target=_blank href='http://www.finance-glossary.com/terms/opportunity-cost.htm?id=13006&ginPtrCode=00000&PopupMode=false' title='Read full definition of opportunity cost'>more</a>
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http://www.finance-glossary.com/pages/home.htm
The potential benefit that is foregone from not following the best (financially optimal) alternative course of action.
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http://www.gdrc.org/icm/loan-glossary.html
[
n] - cost in terms of foregone alternatives
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http://www.webdictionary.co.uk/definition.php?query=opportunity%20cost
The value of goods or services in terms of what had to be sacrificed to obtain them.
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https://irp.fas.org/world/russia/su_glos.html
noun cost in terms of foregone alternatives
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https://www.encyclo.co.uk/local/20974
(ITIL Service Strategy) A cost that is used in deciding between investment choices. Opportunity cost represents the revenue that would have been generated by using the resources in a different way. For example, the opportunity cost of purchasing a new server may include not carrying out a service improvement activity that the money could have been ...
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https://www.encyclo.co.uk/local/22879
The value of a good or service in terms of what had to be sacrificed in order to obtain that item.
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