Cryptocurrency Q&A
What is opportunity cost in one word?
What is opportunity cost in one word?
WindRider
Tue Jan 07 2025
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7 answers
1460
The value of the next best alternative that is forgone when a decision is made to pursue a certain action or investment.
7 answers
CryptoAlchemy
Thu Jan 09 2025
When a project is implemented, other potential opportunities are often forgone.
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Dario
Thu Jan 09 2025
Opportunity cost is a significant economic concept.
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IncheonBeautyBloomingRadianceGlow
Thu Jan 09 2025
It is also referred to as "alternative cost."
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Martina
Thu Jan 09 2025
This cost represents the value of the next best option that is sacrificed.
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CryptoAce
Wed Jan 08 2025
The difference between the project's cost estimate and the forgone option is the opportunity cost.
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