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Opportunity Cost
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Geliefert zwischen Do., 27.11.2025 und Fr., 28.11.2025
Details
High Quality Content by WIKIPEDIA articles! Opportunity cost is the value of the next-best choice available to someone who has picked between several mutually exclusive choices. It is a key concept in economics. It is a calculating factor used in mixed markets which favour social change in favour of purely individualistic economics. It has been described as expressing "the basic relationship between scarcity and choice." The notion of opportunity cost plays a crucial part in ensuring that scarce resources are used efficiently. Thus, opportunity costs are not restricted to monetary or financial costs: the real cost of output forgone, lost time, swag, pleasure or any other benefit that provides utility should also be considered opportunity costs. The concept of an opportunity cost was first developed by John Stuart Mill.
Weitere Informationen
- Allgemeine Informationen
- GTIN 09786130487492
- Editor Lambert M. Surhone, Miriam T. Timpledon, Susan F. Marseken
- EAN 9786130487492
- Format Fachbuch
- Titel Opportunity Cost
- Herausgeber Betascript Publishing
- Anzahl Seiten 96
- Genre Wirtschaft
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