Opportunity cost is a concept in economics that refers to the value of the next best alternative that is forgone when making a choice — i.e., the cost of the best alternative that is not chosen.

When an investor is analyzing and comparing options, opportunity cost reflects the potential benefits that the investor gives up by electing against some of the options. Read on to learn about the ...

There's a cost in every choice you make. To make the best choices for yourself, you need to look at what you're getting and what you're giving up, and then factor in your own personal values. It’s an ...

Ever heard of opportunity cost but not sure what it means? This quick and easy lesson breaks it down with simple examples so you can understand how every choice has a cost — even the one you didn't ...

Labor Day has become a government-sponsored PSA that unions use to take credit for every worker gain and offer unionization as the answer to every worker complaint. Near the top of their annual ...

Providing evolving tornado probabilities for a location as a storm approached would have economic benefits. The cost to society from violent tornadoes is well known and considerable. Munich RE ...