opportunity cost

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opportunity cost

the opportunities foregone in undertaking one activity measured in terms of the other possibilities that might have been pursued using the same expenditure of resources. While opportunity cost is mainly a concept in economics, it also applies more generally to human existence. For example, given the finitude of time in the human life-span and the impossibility of doing many activities more than one at a time or other than in one-to-one interactions, opportunity costs are involved in many human activities, not only those in which economic resources are involved.
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Applying a modification of a Census Bureau technique, I have updated the estimates of discrimination's economic cost (see chart).
In many cases, as a result of an indemnification requirement imposed by the non-resident service provider as a condition for providing the service, the economic cost of the withholding tax under Regulation 105 is ultimately borne by the Canadian service recipient.
The CCEA has also approved the revision in price of allotment made to the Government of Uttarakhand for flood relief in the current year from economic cost to MSP/MSP derived prices in consonance with this decision regarding allocation for calamity relief.
The Department of Finance review of interest deductibility and the costs of financing will probably result in the replacement of the current rules based on traditional legal concepts of interest, principal and so on, with a framework based on financial concepts of yield and economic cost of capital.
These insights helped validate that improving patient wellbeing is fundamental to reducing the economic cost of woundcare.
Thus, under the proposed regulations, the entities generating tax benefits with entities that did not incur the economic cost related to their existence.
Without a doubt, there is a real economic cost for us associated with the lack of public security,'' Ortiz said.
Federal forces are not taking prompt measures to stop the illegal activities of armed groups, endangering the lives and peaceful activities of the population,'' the Parliament said in a statement that sounded exactly like most government explanations of why the war has been carried out at great human and economic cost since December 1994.
Given the diverse elements in outsourcing service providers' cost structures, an important issue in many outsourcing negotiations is the relative role of labor costs versus non-labor costs in economic cost adjustment formulas.
Additionally, a report, The Economic Cost of Drug Abuse in the United States, developed for the Executive Office of the President, Office of National Drug Control Policy (2001 Publication No.
The total annual economic cost of diabetes in 2002 was estimated to be $132 billion and one out of every 10 health care dollars spent in the United States is spent on diabetes and its complications.
Cardiovascular disease is the #1 killer in the United States with an estimated economic cost of approximately $298 billion.
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