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Opportunity cost is a concept in economics that refers to the value of the next best alternative that is forgone when making a choice — i.e., the cost of the best alternative that is not chosen.

The federal government is about to upend how regulations are imposed on businesses and citizens. The White House Office of Management and Budget is quietly proposing to phase out from federal ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. One of the things parents learn hard and fast is that ...

As an international student who has had the privilege of studying and living abroad, I completely understand the allure of the study abroad options at Brown. Especially for students who haven’t left ...

In making an important decision, most people consider pros and cons but are less likely to consider another key factor: opportunity cost. That refers to what you could otherwise do with the time or ...