I've heard about this concept called lost opportunity cost and I'm trying to understand what it means. Is it related to missed chances or potential earnings that could have been made by choosing a different course of action?
7 answers
Mon Jan 13 2025
A lost opportunity cost pertains to the potential benefits that are forfeited when one selects a particular financial path over another.
Sun Jan 12 2025
This concept revolves around the notion that there is always a cost associated with not choosing the optimal investment option.
Sun Jan 12 2025
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Sun Jan 12 2025
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Sun Jan 12 2025
By opting for one investment, individuals forego the potential returns that could have been earned from an alternative investment.