Opportunity Cost
Definition
The principle that the cost of a choice is the value of the best alternative foregone; applied here to valuing life-saving spending (one person rescued vs. many surgeries) and to dropping out of college for a salary instead of debt.
Cast within
No topic-region cast yet — this appears once Opportunity Cost's compiled claims are aligned into a topic region's argument tree.
Claims mentioning Opportunity Cost (0)
No claims found for this concept.
My Notes
Loading notes...