Economics Dictionary of ArgumentsHome
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| Opportunity Cost - Economics Dictionary of Arguments | |||
| Opportunity cost: Opportunity cost in economics refers to the value of the next best alternative that is forgone when a decision is made. It represents the trade-off between different choices, highlighting what is sacrificed in order to pursue a particular option. Opportunity cost helps individuals and businesses make more informed decisions by considering the benefits of all alternatives. See also Costs._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
| Author | Item | More concepts for author | |
|---|---|---|---|
| Marshall, Alfred | Opportunity Cost | Marshall, Alfred | |
| Rothbard, Murray N. | Opportunity Cost | Rothbard, Murray N. | |
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Authors A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Concepts A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Ed. Martin Schulz, access date 2026-03-08 | |||
