opportunity cost

The value of resources and time given up relative to the best alternative. Includes the estimation of time in process. If a economy is competitive, the opportunity cost is a good indicator of the price because any change in prices is a change in the opportunity cost, which means a change in the allocation of resources.

The opportunity cost of 9/11 was huge! Lives were lost, capital was destroyed, people got sick......so when 9/11 happened there was a change in the market prices which changed the allocation of resources.

by rodan118 February 9, 2010

Development Opportunity

Basically a shit sandwich served up at your work by a senior manager, who calls it a 'development opportunity' to relieve their conscience as they should be performing this task themselves.

Manager - "I have a development opportunity for you, could you please do (insert mundane task here)?"
You - "Fuck!"

by It's a swan February 4, 2010

Opportunity

Opportunity is a set of circumstances that is conducive for the occurrence of an event or for the performance of a task. It can also be defined as the amount of time or a situation in which something can be done -Emeasoba George

Opportunity is synonymous with chance.

by Emeasoba George July 14, 2018

Development opportunity

A responsibility or task that absolutely noone wants.

Boss: So who wants to take minutes for this two hour meeting every Friday lunchtime where we spout bullshit about stuff that nobody really cares about?
Employees: ...
Boss: But it's a DEVELOPMENT OPPORTUNITY :)

by 1DNS March 27, 2020

Opportunity

Mars rover sent by NASA to Mars in 2003, which landed at Meridiani Planum. Designed to search for signs of liquid water, especially minerals formed in the presense of water (eg. Hematite).

"Opportunity has landed on Mars."

by Patteroast January 26, 2004

equal-opportunity racist

someone who is racist about every race,sometimes including their own.regardless of the situation

equal-opportunity racist- i hate all niggers,chinks,wetbacks,frenchies,oreos,crackers

i hate you,i hate you, i don't even know you, and i hate ya guts!

by sooooooooul train June 22, 2009

opportunity cost

(n.) the benefits and problems of not choosing an option.

You have a choice between buying a car for £30,000 or a motorbike for £18,000.


If you buy the car, the opportunity cost is £12,000 and a motorbike.


If you buy the motorbike and have some money, the opportunity cost is one car.

by Kung-Fu Jesus May 4, 2004