What is a synonym and antonym for opportunity cost?

noun. ( ˌɑːpɝˈtuːnəti) A possibility due to a favorable combination of circumstances. Antonyms. impossibility nonbeing nonexistence impossible possible natural object finish. fresh start street possibleness hunting ground opening.

What is a synonym for opportunity cost?

opportunity costnoun. Synonyms: economic cost. opportunity costnoun. The cost of an opportunity forgone (and the loss of the benefits that could be received from that opportunity); the most valuable forgone alternative.

What is the opposite of an opportunity cost?

missed opportunity
Simply stated, an opportunity cost is the cost of a missed opportunity. It is the opposite of the benefit that would have been gained had an action, not taken, been taken—the missed opportunity. This is a concept used in economics.

What is another word for trade off?

agreement. arrangement. compensation. contract.

What is the synonym of chance?

prospect, outlook, shot, opportunity, odds, break, time, likelihood, hit, risk, advantage, future, lot, outcome, incidental, contingent, show, opening, liability, scope.

What is a good example of a trade-off?

In economics, a trade-off is defined as an “opportunity cost.” For example, you might take a day off work to go to a concert, gaining the opportunity of seeing your favorite band, while losing a day’s wages as the cost for that opportunity.

What is a simple definition of opportunity cost?

Definition of opportunity cost : the added cost of using resources (as for production or speculative investment) that is the difference between the actual value resulting from such use and that of an alternative (such as another use of the same resources or an investment of equal risk but greater return)

What is another word for “opportunity cost”?

opportunity cost(noun) The cost of an opportunity forgone (and the loss of the benefits that could be received from that opportunity); the most valuable forgone alternative. Synonyms: economic cost. opportunity cost(noun) Synonyms: economic cost.

What is another name for opportunity cost?

opportunity-cost | definition: cost in terms of foregoing alternatives | synonyms: capital cost, carrying charge, cost of capital, cost, carrying cost| antonyms: nonpayment, income, inexpensiveness, expensiveness, obviate

What is the plural of opportunity cost?

opportunity cost (plural opportunity costs) ( economics ) The cost of an opportunity forgone (and the loss of the benefits that could be received from that opportunity); the most valuable forgone alternative.