Answers>Economics>GCSE>Article

What is meant by the term opportunity cost?

It is defined as the value of the next best alternative forgone.

Answered by Andriani P. • Economics tutor

1485 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

How do you determine consumer and producer surplus in a monopoly?

Answered by Sheheryar F.

What is the main government objectives to maximize economic growth?

Answered by Gokhan E.

What are some of the sources of unemployment?

Answered by Galman D.

What is the difference between a contractionary and expansionary fiscal policy?

Answered by Leonor F.

We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

Company Information

CareersBlogSubject answersBecome a tutorSchoolsSafeguarding policyFAQsUsing the Online Lesson SpaceTestimonials & pressSitemap

Popular Requests

Maths tutorChemistry tutorPhysics tutorBiology tutorEnglish tutorGCSE tutorsA level tutorsIB tutorsPhysics & Maths tutorsChemistry & Maths tutorsGCSE Maths tutors

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy|Cookie Preferences
CEOP logo
CLICK CEOP

Internet Safety

Sagepay logo

Payment Security

Cyber Essentials logo

Cyber

Essentials

Cookie Preferences