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inna [77]
3 years ago
11

What is the economic term for what you lose when using resources for something else?

Social Studies
1 answer:
bezimeni [28]3 years ago
3 0
The economic term for this is "opportunity cost". 

Opportunity cost is the cost of the options that one is not choosing. This means that if one has to choose between A and B, opportunity cost is the cost of "giving up B" when one chooses A. 


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