Vocab Bloom Hub

opportunity cost

/ˌɒpəˈtjuːnɪti kɒst/

1 entry

phrase

/ˌɒpəˈtjuːnɪti kɒst/C1formalbusiness
  • ruПотеря потенциальной выгоды от других альтернатив при выборе одного варианта; ценность наилучшей из отвергнутых альтернатив.

The loss of potential gain from other alternatives when one alternative is chosen; the value of the next best option that is forgone.

  1. Economic conceptB2formal

    The value of the next best alternative that is forgone when making a choice.

    ruЭкономическая концепция

    • Choosing to invest in stocks has an opportunity cost of not investing in real estate.
    • The opportunity cost of attending university is the income you could have earned working.
    • When deciding how to spend your time, consider the opportunity cost of each activity.