Business Notes: What is opportunity cost?

Opportunity cost is giving up something else to buy something at the cost of the alternative forgone.

EXAMPLE:
An entrepreneur's social life and career may need to be given up when starting a business.

- Esjae x

Follow me on Twitter: http://twitter.com/esjaeofficial
Check out my poetry/ writing blog: http://esjaeofficial.blogspot.com
Subscribe to me of Youtube: http://www.youtube.com/theofficialesjae
Add me as a friend on Facebook: https://www.facebook.com/esjaeofficial
E-mail me: esjae-official@hotmail.co.uk