Opportunity
Meaning
A time or set of circumstances that makes it possible to do something.
Pronunciation
UK ˌɒpəˈtjuːnəti
US ˌɑːpərˈtuːnəti
Example Sentences
- This gives residents and tourists an opportunity to sample various types of delicacies from around the world.
- Seoul has been described as the world's "most wired city", ranked first in technology readiness by [Pwc's] Cities of Opportunity report.
- However, Gates was more interested in pursuing his own coding, and when he saw an opportunity to found his own company, he dropped out of [Harvard] without finishing his course.
- Opportunity cost is the value of the next best thing you give up whenever you make a decision.
- The idea of an opportunity cost was first begun by [John Stuart Mill].
- The utility has to be more than the opportunity cost for it to be a good choice in economics.
- For example, opportunity cost is how much leisure time we give up to work.
- By choosing to go to university, your opportunity cost is losing your job and your pay check.
- Even though going back to university has a big opportunity cost, many people think it is a good decision because increased education gives you more job opportunities.
- And in the other words " Opportunity Cost " can be termed as cost of forgone alternatives or cost of shifting from one opportunity to the other.
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