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opportunity cost
(redirected from Economic cost)

    Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia 0.01 sec.
opportunity cost
the amount of money that is alienated by choosing to use it for one project rather than another, i.e. the opportunity to make a profit by investing in another project is lost.
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Signatories commit to supporting "initiatives to prevent and reduce human, social and economic costs of armed violence, to assess risks and vulnerabilities, to evaluate the effectiveness of armed violence reduction programmes, and to disseminate knowledge of best practices.
Update on the Geneva Declaration by Ploughshares Monitor
Rafael Loyola, examined four global conservation scenarios for carnivores based on the joint mapping of economic costs and species biological traits.
Scientists define global conservation priorities for endangered ... by Asian News International
In the case of a serious flu, 70 percent of the overall economic cost would come from absenteeism and efforts to avoid infection," World Bank experts wrote in the Global Development Finance report released in June.
Swine flu looms over global economic recovery by AFP / AFP American Edition
 
 
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