Making sense of 'opportunity cost' Economic concepts can help with financial decisions.

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 ...

Learn about the concept of opportunity cost, its role in personal finance, business strategy, and everyday decision-making.

Michael Parkin, Opportunity cost: A reexamination, The Journal of Economic Education, Vol. 47, No. 1 (January-March 2016), pp. 12-22 ...

How Opportunity Cost Affects Your Side Gig Your time spent or opportunity to earn are important variables when determining how much money you can make.

In the last 40-50 years, awareness of scarcity and opportunity cost seems to have faded from national policymaking. Currently, it borders on irrelevant.

Who doesn't appreciate a DIY champion who likes tackling tasks themselves? However, it's also important to consider the opportunity costs of doing so.