opportunity cost

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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.
References in periodicals archive ?
Duqm Refinery is one of the largest projects in the region in terms of economic cost estimated at $8 billion and extends over an area of 90,000 hectares and one of the largest promising projects in the Sultanate in the energy sector, with 230,000 barrels of production capacity expected per-day when completed.
BEIRUT: Minister of State for Women's Affairs Jean Ogasapian Monday launched a project to estimate the economic cost of violence against women in Lebanon.
This paper estimates the economic cost of these deaths using conventional economic estimates for valuing life routinely used by U.
The value of Famagusta for Papadopoulos, Sizopoulos and Hadjicostis is smaller than the economic cost they claim the solution would incur.
The Wikipedia page for "economic cost" on 9/3/13 said, "The economic cost of college is the accounting cost plus the opportunity cost" and on 6/4/14 said, "Economic cost differs from accounting cost because it includes opportunity cost.
It provides a matrix of these costs, divided vertically into nonmonetary and economic costs, and horizontally into direct costs, implicit costs and spillover costs.
With Ebola's potential to inflict massive economic costs on Guinea, Liberia and Sierra Leone and the rest of their neighbors in West Africa, the international community must find ways to get past logistical roadblocks and bring in more doctors and trained medical staff, more hospital beds and more health and development support to help stop Ebola in its tracks," said Jim Yong Kim, president of the World Bank.
The figure for overall economic costs was down from USD59bn a year ago and was less than half the first-half average of USD94bn in the last decade.
By 2016, the economic cost to Belarus of the 1986 Chernobyl nuclear disaster is forecast to be $235bn
The report, prepared by Dover-based PolEcon Research, examines the economic cost of excessive alcohol consumption in four areas: productivity; health care; criminal justice; and other costs, like motor vehicle crashes and state and local taxes.
Total economic costs were reduced by 11 per cent for Sukkur farms when the sample of farms were examined which resulted in Engro-foods as the lowest economic cost producer.
The full report, "The Global Economic Cost of Cancer," is online at www.

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