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Find Out About Homeowner Taxes - Before purchasing a home find out what the property taxes are going to be on that home. In some cases, the mortgage that you...

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Opportunity Cost

Definition: An accounting/economics term referring to the value of something given up to pursue something else.

TeenAnalyst Advice: An example of opportunity cost would be going to the movies.  The cost of going to the movie is $9.00 or whatever ridiculous amount of money your movie theater charges.  The opportunity cost would be something else you could have done with that time, such as studying.

Accountants and economists must weight opportunity costs when making decisions.

 

Discuss It!
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what is the opportunity cost?

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What is the cost of opportunity.

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Well making use of the opportunity is what makes one able to upgrade them. It is always good to keep up with all that is being done here with all sorts of efforts that you can put into it make it an example of being achievable.

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