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opportunity cost
DEFINITIONS OF:
opportunity cost
1
n
cost in terms of foregoing alternatives
Types:
capital cost
,
cost of capital
the opportunity cost of the funds employed as the result of an investment decision; the rate of return that a business could earn if it chose another investment with equivalent risk
carrying charge
,
carrying cost
the opportunity cost of unproductive assets; the expense incurred by ownership
Type of:
cost
the total spent for goods or services including money and time and labor
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