cost vs opportunity cost

opportunity cost vs cost

cost and opportunity cost both are nouns.

cost is a verb but opportunity cost is not a verb.

Word	Noun	Adjective	Verb	Adverb
cost	Yes	No	Yes	No
opportunity cost	Yes	No	No	No

As nouns, opportunity cost is a hyponym of cost; that is, opportunity cost is a word with a more specific, narrower meaning than cost:

cost: the total spent for goods or services including money and time and labor
opportunity cost: cost in terms of forgoing alternatives

Other hyponyms of cost include disbursal, disbursement, expense, capital expenditure, payment, ransom, ransom money, cost overrun, cost of living, borrowing cost, distribution cost, handling charge, handling cost, marketing cost, production cost, replacement cost, physical value, reproduction cost, unit cost, damage, price, terms, price, portage, charge, transaction cost, cost of quality, quality cost, direct cost.

cost (noun)	opportunity cost (noun)
the property of having material worth (often indicated by the amount of money something would bring if sold)	cost in terms of forgoing alternatives
value measured by what must be given or done or undergone to obtain something
the total spent for goods or services including money and time and labor

cost (verb)	opportunity cost (verb)
be priced at
require to lose, suffer, or sacrifice

Difference between cost and opportunity cost

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