When it comes to common financial principles used by investors and professionals, the term "opportunity cost" is used often. Opportunity cost is the value of the alternative option you've given up ...

In The Economic Naturalist, a new book by Cornell University economist Robert Frank, he describes the concept of “opportunity cost” as one of the two or three most important ideas in economics. Yet ...

Businesses need to minimize the risk of failure and maximize the chances of success, which is why managers need facts and numbers to work with when developing business strategies and choosing options.

Another key risk investors overlook if they’re focused solely on shorter-term volatility? Opportunity cost—and it can be a killer. (And it’s another topic covered in Plan Your Prosperity, the latest ...

You may not recognize it, but opportunity cost affects your business every single day. Opportunity cost is essentially what you give up (the benefits of the next best alternative) when you make a ...

Opinions expressed by Entrepreneur contributors are their own. As long as there are finite resources in business, opportunity-cost analysis will be important for business leaders. The way entrepreneur ...

How much does it cost to receive health care? Consider the case of a 45-year-old working mother with hypertension. She has an appointment to see her primary care physician at 10 a.m. on a Tuesday—the ...

Can we truly unshackle ourselves from the past to envision a bright, new future? I think it's eminently doable. In this story, I'm going to talk about opportunity cost, the need to set aside magical, ...

Simply stated, an opportunity cost is the cost of a missed opportunity. It is the opposite of the benefit that would have been gained had an action, not taken, been taken—the missed opportunity. This ...

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 ...