Skip to content
3auk – Study Smart
  • Home
  • 🌟Blog
  • Courses
    • All Courses
    • Alevel
      • Economics
        • AS Economics Study Notes
        • AS Economics Topic Question Exercise
        • A2 Economics Study Notes
        • A2 Economics Topic Question Exercise
  • Glossary
  • My
    • My Notes
    • Posts Liked
  • 🙋‍♂️Need a tutor?
  • 🤖AI Study Buddy
  • Log In

opportunity cost

« Back to Glossary Index

the cost in terms of the next best alternative foregone

Tags:
basic economic ideasopportunity cost

Categories

  • A2 Economics (13)
  • AP Economics (20)
  • AP Microeconomics (20)
  • AS Economics (40)
  • Economics (47)
  • IB Economics (20)
  • Mathematics (1)
  • Physics (1)

Tags

A-level Economics (12) A2 Economics (4) AD-AS analysis (8) aggregate demand (7) Alevel (12) Alevel Economics (15) AS Economics (4) basic economic ideas (30) CAIE (12) CAIE A-level Economics (19) CAIE AS Level Economics (7) CIE (9) circular flow of income (5) classification of goods and services (7) demand curve (7) economic growth (13) economics (11) economic systems (5) Edexcel A-Level Economics (7) Edexcel IAL Economics (5) elasticities in economics (4) factors of production (7) fiscal policy (14) GDP (5) inequality (5) inflation (10) injections vs leakages (4) international trade (6) Key Concepts in Economics (9) macro intervention (10) macro objectives (6) macro policy (13) market failure (8) microeconomic government intervention (4) micro intervention (6) monetary policy (6) national income statistics (5) opportunity cost (6) planned economy vs market economy vs mixed economy (4) PPC (6) production possibility curve (5) public goods (7) rationing (4) taxation (13) unemployment (9)

Blogs

  • Circular Flow of Income: How Money Moves Through Economies
  • National Income Statistics Explained: A Simple Guide
  • Why the Rich Get Richer: Inequality Explained
  • Government Intervention in Markets: Methods, Impacts, and Effects
  • Reasons for Government Intervention in Markets: Economics Guide
  • Tiktok
  • Instagram
  • Youtube
  • X
  • About Me
@EduUnited

Insert/edit link

Enter the destination URL

Or link to existing content

    No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.
      We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.