Economics for the ‘mathematically challenged’ - “Opportunity Cost”
op·por·tu·ni·ty cost - Noun: The loss of potential gain from other alternatives when one alternative is chosen.
“Every gun that is made, every warship launched, every rocket fired, signifies in the final sense a theft from those who hunger and are not fed, those who are cold and are not clothed. ” ~~Dwight D. Eisenhower
H/t: the-dao:
The complete speech is available @ InformationClearinghouse
