I like these words. Haruslah kan, i’m accounting/economics/finance person.
Taken from Investopedia, Opportunity Cost means:
The cost of an alternative that must be forgone in order to pursue a certain action. Put another way, the benefits you could have received by taking an alternative action.
Not only in economics, these word can also be applied to our everyday live. For instance, during lunch time your opportunity cost of eating lunch is you forgo your sleeping time.
In my case, the opportunity cost of going to ‘you-know-what’ is to climb mount Kinabalu.
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