opportunity cost Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “opportunity cost” in the English Dictionary

"opportunity cost" in Business English

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opportunity costnoun [C or U]

uk   us  
ACCOUNTING, FINANCE the ​value of the ​action that you do not choose, when choosing between two possible ​options: If we do take on the ​project, we need to ​think about the ​opportunitycosts involved. The ​opportunitycost of ​studying at university for three ​years is the three ​years of ​pay that you do not ​earn during that ​time.
(Definition of opportunity cost from the Cambridge Business English Dictionary © Cambridge University Press)
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