"opportunity cost" meaning in English

See opportunity cost in All languages combined, or Wiktionary

Noun

Forms: opportunity costs [plural]
Head templates: {{en-noun}} opportunity cost (plural opportunity costs)
  1. (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. Wikipedia link: opportunity cost Categories (topical): Economics Related terms: accounting cost Translations (cost of something in terms of an opportunity forgone): այլընտրանքային ծախս (ayləntrankʿayin caxs) (Armenian), 機會成本 (Chinese Mandarin), 机会成本 (jīhuì chéngběn) (Chinese Mandarin), náklady obětované příležitosti [masculine, plural] (Czech), náklady ušlé příležitosti [masculine, plural] (Czech), vaihtoehtoiskustannus (Finnish), coût de renoncement [masculine] (French), Opportunitätskosten [plural] (German), costo opportunità (Italian), koszt alternatywny [masculine] (Polish), альтернативные затраты (alʹternativnyje zatraty) [feminine, plural] (Russian), альтернативные изде́ржки (alʹternativnyje izdéržki) [feminine, plural] (Russian), coste de oportunidad [masculine] (Spanish), ipinagpalibang halaga (Tagalog)

Inflected forms

Download JSON data for opportunity cost meaning in English (4.5kB)

{
  "forms": [
    {
      "form": "opportunity costs",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {},
      "expansion": "opportunity cost (plural opportunity costs)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "senses": [
    {
      "categories": [
        {
          "kind": "other",
          "name": "Armenian terms with redundant script codes",
          "parents": [
            "Terms with redundant script codes",
            "Entry maintenance"
          ],
          "source": "w"
        },
        {
          "kind": "other",
          "name": "English entries with incorrect language header",
          "parents": [
            "Entries with incorrect language header",
            "Entry maintenance"
          ],
          "source": "w"
        },
        {
          "kind": "other",
          "name": "Mandarin terms with redundant transliterations",
          "parents": [
            "Terms with redundant transliterations",
            "Entry maintenance"
          ],
          "source": "w"
        },
        {
          "kind": "topical",
          "langcode": "en",
          "name": "Economics",
          "orig": "en:Economics",
          "parents": [
            "Social sciences",
            "Sciences",
            "Society",
            "All topics",
            "Fundamental"
          ],
          "source": "w"
        }
      ],
      "examples": [
        {
          "ref": "2019 November 21, Samanth Subramanian, “How our home delivery habit reshaped the world”, in The Guardian",
          "text": "Implicit in this fixation with time is the thesis that the opportunity cost of regular shopping is too high – that the hours spent driving to the better bookstore in the next town can be spent doing something more valuable.",
          "type": "quotation"
        },
        {
          "ref": "2004 June 7, “Jeff Pillet-Shore: Second Year Winds Down”, in BusinessWeek, retrieved 2008-10-30",
          "text": "Thanks to business school, I can understand how I've actually paid for this time at home with my family—the opportunity cost of my time, my forgone income, etc.",
          "type": "quotation"
        }
      ],
      "glosses": [
        "The cost of an opportunity forgone (and the loss of the benefits that could be received from that opportunity); the most valuable forgone alternative."
      ],
      "id": "en-opportunity_cost-en-noun-0lQtDceL",
      "links": [
        [
          "economics",
          "economics"
        ],
        [
          "forgo",
          "forgo"
        ],
        [
          "benefit",
          "benefit"
        ],
        [
          "valuable",
          "valuable"
        ]
      ],
      "raw_glosses": [
        "(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."
      ],
      "related": [
        {
          "word": "accounting cost"
        }
      ],
      "topics": [
        "economics",
        "science",
        "sciences"
      ],
      "translations": [
        {
          "code": "hy",
          "lang": "Armenian",
          "roman": "ayləntrankʿayin caxs",
          "sense": "cost of something in terms of an opportunity forgone",
          "word": "այլընտրանքային ծախս"
        },
        {
          "code": "cmn",
          "lang": "Chinese Mandarin",
          "sense": "cost of something in terms of an opportunity forgone",
          "word": "機會成本"
        },
        {
          "code": "cmn",
          "lang": "Chinese Mandarin",
          "roman": "jīhuì chéngběn",
          "sense": "cost of something in terms of an opportunity forgone",
          "word": "机会成本"
        },
        {
          "code": "cs",
          "lang": "Czech",
          "sense": "cost of something in terms of an opportunity forgone",
          "tags": [
            "masculine",
            "plural"
          ],
          "word": "náklady obětované příležitosti"
        },
        {
          "code": "cs",
          "lang": "Czech",
          "sense": "cost of something in terms of an opportunity forgone",
          "tags": [
            "masculine",
            "plural"
          ],
          "word": "náklady ušlé příležitosti"
        },
        {
          "code": "fi",
          "lang": "Finnish",
          "sense": "cost of something in terms of an opportunity forgone",
          "word": "vaihtoehtoiskustannus"
        },
        {
          "code": "fr",
          "lang": "French",
          "sense": "cost of something in terms of an opportunity forgone",
          "tags": [
            "masculine"
          ],
          "word": "coût de renoncement"
        },
        {
          "code": "de",
          "lang": "German",
          "sense": "cost of something in terms of an opportunity forgone",
          "tags": [
            "plural"
          ],
          "word": "Opportunitätskosten"
        },
        {
          "code": "it",
          "lang": "Italian",
          "sense": "cost of something in terms of an opportunity forgone",
          "word": "costo opportunità"
        },
        {
          "code": "pl",
          "lang": "Polish",
          "sense": "cost of something in terms of an opportunity forgone",
          "tags": [
            "masculine"
          ],
          "word": "koszt alternatywny"
        },
        {
          "code": "ru",
          "lang": "Russian",
          "roman": "alʹternativnyje zatraty",
          "sense": "cost of something in terms of an opportunity forgone",
          "tags": [
            "feminine",
            "plural"
          ],
          "word": "альтернативные затраты"
        },
        {
          "code": "ru",
          "lang": "Russian",
          "roman": "alʹternativnyje izdéržki",
          "sense": "cost of something in terms of an opportunity forgone",
          "tags": [
            "feminine",
            "plural"
          ],
          "word": "альтернативные изде́ржки"
        },
        {
          "code": "es",
          "lang": "Spanish",
          "sense": "cost of something in terms of an opportunity forgone",
          "tags": [
            "masculine"
          ],
          "word": "coste de oportunidad"
        },
        {
          "code": "tl",
          "lang": "Tagalog",
          "sense": "cost of something in terms of an opportunity forgone",
          "word": "ipinagpalibang halaga"
        }
      ],
      "wikipedia": [
        "opportunity cost"
      ]
    }
  ],
  "word": "opportunity cost"
}
{
  "forms": [
    {
      "form": "opportunity costs",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {},
      "expansion": "opportunity cost (plural opportunity costs)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "related": [
    {
      "word": "accounting cost"
    }
  ],
  "senses": [
    {
      "categories": [
        "Armenian terms with redundant script codes",
        "English countable nouns",
        "English entries with incorrect language header",
        "English lemmas",
        "English multiword terms",
        "English nouns",
        "English terms with quotations",
        "Mandarin terms with redundant transliterations",
        "en:Economics"
      ],
      "examples": [
        {
          "ref": "2019 November 21, Samanth Subramanian, “How our home delivery habit reshaped the world”, in The Guardian",
          "text": "Implicit in this fixation with time is the thesis that the opportunity cost of regular shopping is too high – that the hours spent driving to the better bookstore in the next town can be spent doing something more valuable.",
          "type": "quotation"
        },
        {
          "ref": "2004 June 7, “Jeff Pillet-Shore: Second Year Winds Down”, in BusinessWeek, retrieved 2008-10-30",
          "text": "Thanks to business school, I can understand how I've actually paid for this time at home with my family—the opportunity cost of my time, my forgone income, etc.",
          "type": "quotation"
        }
      ],
      "glosses": [
        "The cost of an opportunity forgone (and the loss of the benefits that could be received from that opportunity); the most valuable forgone alternative."
      ],
      "links": [
        [
          "economics",
          "economics"
        ],
        [
          "forgo",
          "forgo"
        ],
        [
          "benefit",
          "benefit"
        ],
        [
          "valuable",
          "valuable"
        ]
      ],
      "raw_glosses": [
        "(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."
      ],
      "topics": [
        "economics",
        "science",
        "sciences"
      ],
      "wikipedia": [
        "opportunity cost"
      ]
    }
  ],
  "translations": [
    {
      "code": "hy",
      "lang": "Armenian",
      "roman": "ayləntrankʿayin caxs",
      "sense": "cost of something in terms of an opportunity forgone",
      "word": "այլընտրանքային ծախս"
    },
    {
      "code": "cmn",
      "lang": "Chinese Mandarin",
      "sense": "cost of something in terms of an opportunity forgone",
      "word": "機會成本"
    },
    {
      "code": "cmn",
      "lang": "Chinese Mandarin",
      "roman": "jīhuì chéngběn",
      "sense": "cost of something in terms of an opportunity forgone",
      "word": "机会成本"
    },
    {
      "code": "cs",
      "lang": "Czech",
      "sense": "cost of something in terms of an opportunity forgone",
      "tags": [
        "masculine",
        "plural"
      ],
      "word": "náklady obětované příležitosti"
    },
    {
      "code": "cs",
      "lang": "Czech",
      "sense": "cost of something in terms of an opportunity forgone",
      "tags": [
        "masculine",
        "plural"
      ],
      "word": "náklady ušlé příležitosti"
    },
    {
      "code": "fi",
      "lang": "Finnish",
      "sense": "cost of something in terms of an opportunity forgone",
      "word": "vaihtoehtoiskustannus"
    },
    {
      "code": "fr",
      "lang": "French",
      "sense": "cost of something in terms of an opportunity forgone",
      "tags": [
        "masculine"
      ],
      "word": "coût de renoncement"
    },
    {
      "code": "de",
      "lang": "German",
      "sense": "cost of something in terms of an opportunity forgone",
      "tags": [
        "plural"
      ],
      "word": "Opportunitätskosten"
    },
    {
      "code": "it",
      "lang": "Italian",
      "sense": "cost of something in terms of an opportunity forgone",
      "word": "costo opportunità"
    },
    {
      "code": "pl",
      "lang": "Polish",
      "sense": "cost of something in terms of an opportunity forgone",
      "tags": [
        "masculine"
      ],
      "word": "koszt alternatywny"
    },
    {
      "code": "ru",
      "lang": "Russian",
      "roman": "alʹternativnyje zatraty",
      "sense": "cost of something in terms of an opportunity forgone",
      "tags": [
        "feminine",
        "plural"
      ],
      "word": "альтернативные затраты"
    },
    {
      "code": "ru",
      "lang": "Russian",
      "roman": "alʹternativnyje izdéržki",
      "sense": "cost of something in terms of an opportunity forgone",
      "tags": [
        "feminine",
        "plural"
      ],
      "word": "альтернативные изде́ржки"
    },
    {
      "code": "es",
      "lang": "Spanish",
      "sense": "cost of something in terms of an opportunity forgone",
      "tags": [
        "masculine"
      ],
      "word": "coste de oportunidad"
    },
    {
      "code": "tl",
      "lang": "Tagalog",
      "sense": "cost of something in terms of an opportunity forgone",
      "word": "ipinagpalibang halaga"
    }
  ],
  "word": "opportunity cost"
}

This page is a part of the kaikki.org machine-readable English dictionary. This dictionary is based on structured data extracted on 2024-05-01 from the enwiktionary dump dated 2024-04-21 using wiktextract (f4fd8c9 and c9440ce). The data shown on this site has been post-processed and various details (e.g., extra categories) removed, some information disambiguated, and additional data merged from other sources. See the raw data download page for the unprocessed wiktextract data.

If you use this data in academic research, please cite Tatu Ylonen: Wiktextract: Wiktionary as Machine-Readable Structured Data, Proceedings of the 13th Conference on Language Resources and Evaluation (LREC), pp. 1317-1325, Marseille, 20-25 June 2022. Linking to the relevant page(s) under https://kaikki.org would also be greatly appreciated.