Cryptocurrency Q&A
What is opportunity cost also known as ____?
What is opportunity cost also known as ____?
Dario
Mon Jan 06 2025
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7 answers
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I'm trying to remember the other name for opportunity cost. It's that economic concept where you give up something to get something else. What's it also called?
7 answers
BlockchainMastermind
Wed Jan 08 2025
Opportunity cost holds another name which is alternative cost.
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NebulaPulse
Wed Jan 08 2025
These two expressions are used interchangeably in economic discussions.
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BenjaminMoore
Wed Jan 08 2025
They both signify a sacrifice that one must make in order to choose a particular path.
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ShintoMystic
Tue Jan 07 2025
Specifically, it refers to the benefit or potential gain that one foregoes.
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Martina
Tue Jan 07 2025
This concept is crucial in decision-making processes.
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