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Today, we're going to look at something called “opportunity cost”. This phrase is actually from microeconomics, but we're not exactly looking at it from that standpoint. The opportunity cost is the benefit from an option not chosen. So opportunity cost is what you are forecasting going in favor of a different choice.
Shownotes: https://defythestatusquo.com/2021/02/01/what-is-opportunity-cost/
By Ruthie Bowles5
88 ratings
Today, we're going to look at something called “opportunity cost”. This phrase is actually from microeconomics, but we're not exactly looking at it from that standpoint. The opportunity cost is the benefit from an option not chosen. So opportunity cost is what you are forecasting going in favor of a different choice.
Shownotes: https://defythestatusquo.com/2021/02/01/what-is-opportunity-cost/