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