Opportunity cost
The cost of doing something instead of the best alternative which is not taken up.
« Back to Glossary Indexby Mike Rawson · Published · Updated
The cost of doing something instead of the best alternative which is not taken up.
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by Mike Rawson · Published January 6, 2022
by Mike Rawson · Published November 19, 2018
by Mike Rawson · Published May 12, 2020 · Last modified February 5, 2021
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Recession is when a neighbour loses his job. Depression is when you lose yours.