What Does Opportunity Cost Mean?

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What does Opportunity Cost mean? Read on to discover the definition & meaning of the term Opportunity Cost - to help you better understand the language used in insurance policies.

Opportunity Cost

Opportunity Cost

Opportunity cost is the value that is lost when a person rejects one option in favor of another. This is a term in finance that acknowledges that there is a financial loss for every major business decision, even if it results in a greater gain, all things considered.

We hope the you have a better understanding of the meaning of Opportunity Cost.

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