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Opportunity cost: alternatives and connections

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350,924 published thesaurus relationships of every type
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Opportunity cost

What you give up by choosing one option instead of the next best option.

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43 useful connections shown 2 reviewed relationships and 41 broader connections.
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Reviewed alternatives and contrasts

These links were deliberately created. Use the interchangeability score and guidance to judge whether a word will work in your sentence.

Broader term 1

Cost 76% connected

A rib; a side; a region or coast.

oewn 2023 0% interchangeable

Open English WordNet identifies the related term as a broader lexical category for at least one sense.

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Near synonym 1

Scarcity 84% connected

The quality or condition of being scarce; smallness of quantity in proportion to the wants or demands; deficiency; lack of plenty; short supply; penu…

economics fundamentals 25% interchangeable

The value of the best alternative forgone.

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Words found in the same groups

These words appear together in curated vocabulary groups. They may be alternatives, contrasts or neighbouring ideas, so check the definition before replacing your original word.

Demand verb · 81% connection

To ask or call for with authority; to claim or seek from, as by authority or right; to claim, as something due; to call for urgently o…

Appears with this word in Economics fundamentals.
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Inflation noun · 81% connection

The act or process of inflating, or the state of being inflated, as with air or gas; distention; expansion; enlargement.

Appears with this word in Economics fundamentals.
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market equilibrium noun · 81% connection

The point where buyers want to purchase the same amount sellers want to provide.

Appears with this word in Economics fundamentals.
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Supply verb · 81% connection

To fill up, or keep full; to furnish with what is wanted; to afford, or furnish with, a sufficiency; as, rivers are supplied by smalle…

Appears with this word in Economics fundamentals.
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Words from the same subject

These terms belong to the same specialist field or topic. They help you explore the subject, but they are not automatically synonyms.

Economic growth noun · 85% connection

steady growth in the productive capacity of the economy (and so a growth of national income)

Used in the same subject area: Business and finance, Economics, Economics business.
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Economic science noun · 85% connection

the branch of social science that deals with the production and distribution and consumption of goods and services and their management

Used in the same subject area: Business and finance, Economics, Economics business.
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Economics noun · 85% connection

the branch of social science that deals with the production and distribution and consumption of goods and services and their management

Used in the same subject area: Business and finance, Economics, Economics business.
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exchange rate noun · 85% connection

the charge for exchanging currency of one country for currency of another

Used in the same subject area: Business and finance, Economics, Economics business.
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Fiscal policy noun · 85% connection

a government policy for dealing with the budget (especially with taxation and borrowing)

Used in the same subject area: Business and finance, Economics, Economics business.
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GDP noun · 85% connection

the measure of an economy adopted by the United States in 1991; the total market values of goods and services produced by workers and…

Used in the same subject area: Business and finance, Economics, Economics business.
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Gross domestic product noun · 85% connection

the measure of an economy adopted by the United States in 1991; the total market values of goods and services produced by workers and…

Used in the same subject area: Business and finance, Economics, Economics business.
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interest rate noun · 85% connection

the percentage of a sum of money charged for its use

Used in the same subject area: Business and finance, Economics, Economics business.
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oligopoly noun · 85% connection

(economics) a market in which control over the supply of a commodity is in the hands of a small number of producers and each one can i…

Used in the same subject area: Business and finance, Economics, Economics business.
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Political economy noun · 85% connection

the branch of social science that deals with the production and distribution and consumption of goods and services and their management

Used in the same subject area: Business and finance, Economics, Economics business.
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Rate of exchange noun · 85% connection

the charge for exchanging currency of one country for currency of another

Used in the same subject area: Business and finance, Economics, Economics business.
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Rate of interest noun · 85% connection

the percentage of a sum of money charged for its use

Used in the same subject area: Business and finance, Economics, Economics business.
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unemployment noun · 85% connection

the state of being unemployed or not having a job; "unemployment is a serious social evil"; "the rate of unemployment is an indicator…

Used in the same subject area: Business and finance, Economics, Economics business.
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Monopoly noun · 85% connection

(economics) a market in which there are many buyers but only one seller; "a monopoly on silver"; "when you have a monopoly you can ask…

Used in the same subject area: Business and finance, Economics, Economics business.
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Productivity noun · 85% connection

(economics) the ratio of the quantity and quality of units produced to the labor per unit of time

Used in the same subject area: Business and finance, Economics, Economics business.
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Bank discount noun · 84% connection

interest on an annual basis deducted in advance on a loan

Used in the same subject area: Business and finance, Economics, Economics business.
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Base rate noun · 84% connection

the interest rate set by the Bank of England for lending to other banks

Used in the same subject area: Business and finance, Economics, Economics business.
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Constitutional economics noun · 84% connection

A branch of economics which focuses on the conditions that exist in and choices constrained by the legal framework of a political cons…

Used in the same subject area: Business and finance, Economics, Economics business.
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Words connected by meaning

Their definitions overlap or refer to similar ideas. Use these to widen your search, then compare the exact meanings.

Alternative noun · 78% connection

one of a number of things from which only one can be chosen; "what option did I have?"; "there is no other alternative"; "my only choi…

Its definition shares important concepts with this word: give, choosing, option, instead, next.
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Analysis noun · 78% connection

the use of closed-class words instead of inflections: e.g., ‘the father of the bride’ instead of ‘the bride's father’

Its definition shares important concepts with this word: give, choosing, option, instead, next.
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Antonomasia noun · 78% connection

The use of some epithet or the name of some office, dignity, or the like, instead of the proper name of the person; as when his majest…

Its definition shares important concepts with this word: give, choosing, option, instead, next.
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Baron noun · 78% connection

A title or degree of nobility; originally, the possessor of a fief, who had feudal tenants under him; in modern times, in France and G…

Its definition shares important concepts with this word: give, choosing, option, instead, next.
Definition Compare
Best adjective · 78% connection

Having good qualities in the highest degree; most good, kind, desirable, suitable, etc.; most excellent; as, the best man; the best ro…

Its definition shares important concepts with this word: give, choosing, option, instead, next.
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Borrow verb · 78% connection

To take (one or more) from the next higher denomination in order to add it to the next lower; -- a term of subtraction when the figure…

Its definition shares important concepts with this word: give, choosing, option, instead, next.
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Call noun · 78% connection

the option to buy a given stock (or stock index or commodity future) at a given price before a given date

Its definition shares important concepts with this word: give, choosing, option, instead, next.
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