What do you mean by opportunity …
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Posted by Sunil Choudhary 5 years ago
- 3 answers
Yogita Ingle 5 years ago
A benefit, profit, or value of something that must be given up to acquire or achieve something else. Since every resource (land, money, time, etc.) can be put to alternative uses, every action, choice, or decision has an associated opportunity cost.
Opportunity costs are fundamental costs in economics, and are used in computing cost benefit analysis of a project. Such costs, however, are not recorded in the account books but are recognized in decision making by computing the cash outlays and their resulting profit or loss
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Aditya Kumar 5 years ago
0Thank You