Learn about the concept of opportunity cost, its role in personal finance, business strategy, and everyday decision-making.

Pete Rathburn is a copy editor and fact-checker with expertise in economics and personal finance and over twenty years of experience in the classroom. Opportunity cost represents the potential ...

Today, on my way to the office in Patna, the capital of India’s poorest state, Bihar, a crowd by the service road caught my ...

The White House Office of Management and Budget is quietly proposing to phase out from federal regulatory analysis one of the most important concepts in economics: opportunity cost. Opportunity ...