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Term

opportunity cost

Term

the value of the best alternative use of a resource. This consists of the maximum value of other outputs we could and would have produced had we not used the resource to produce the item in question. [GBA]

Synonyms:

Source:

CHM Biodiversity

Context:

Comment

Definition source publication

Publication year

Definition source URL

http://biodiversity-chm.eea.europa.eu/nyglossary_terms/O/opportunity_cost

Organisation

Organisation full name

Subjects

Long definition

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For references, please go to https://www.eea.europa.eu/help/glossary/chm-biodiversity/opportunity-cost or scan the QR code.

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