Jul 01, 2020
Opportunity cost - WikiVisually Opportunity cost is a key concept in economics, has been described as expressing "the basic relationship between scarcity and choice"; the notion of opportunity cost plays a crucial part in attempts to ensure that scarce resources are used efficiently. Opportunity costs are not restricted to monetary or financial costs: the real cost of output Concepts Of Opportunity Cost Commerce Essay Opportunity cost plays a vital part in the decision making system and coverage. Economists have defined opportunity cost differently as per their context, but the main focus was the same and it is concentrating on the profit that is determined by specific resources and different purposes.
Opportunity cost can be assessed directly with cost effectiveness or cost utility studies. When two or more interventions are compared cost utility effectiveness analysis makes the opportunity cost of the alternative uses of resources explicit. Cost effectiveness ratios, that is the £/outcome of different interventions, enable
機会費用（きかいひよう、英: opportunity cost ）とは、時間の使用・消費の有益性・効率性にまつわる経済学上の概念であり、複数ある選択肢の内、同一期間中に最大利益を生む選択肢とそれ以外の選択肢との利益の差のこと。 最大利益を生む選択肢以外を選択する場合、その本来あり得た利益差
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Opportunity Cost and Opportunity Lost - MapleMoney Apr 27, 2020 Opportunity cost Facts for Kids | KidzSearch.com