Opportunity-cost

About | Glossary

Thumoslang Definition

Opportunity-cost; that means, best value foregone.

Elaboration

Involved are 2 thumbnail definitions.

  1. Value; that means, level of usefulness.

Defining Words

Involved are 2 defining words.

  1. foregone
  2. value

Lecture

It’s the value of the best alternative foregone, where a choice needs to be made between several mutually exclusive alternatives given limited resources.

Tell me more

Source

Click here to see the original source of Thumoslang which is the 2017 book Thumos: Adulthood, Love & Collaboration.

front-cover-page-of-the-original-thumos-book

Origin

Click here to watch the video on the origin of Thumoslang.