How to Calculate Opportunity Cost: A Comprehensive Guide

how to calculate opportunity cost

Making decisions involves considering various options and choosing the one that aligns best with your goals and preferences. However, every choice you make comes with a trade-off. This trade-off is known as the opportunity cost, which is the value of the next best alternative that you give up when making a particular decision. Understanding and … Read more

The Ultimate Guide to Pronouncing "Opportunity" Correctly

How To Pronounce Opportunity

The Ultimate Guide to Pronouncing "Opportunity" Correctly

The correct pronunciation of “opportunity” is uh-POR-tuh-nih-tee. The word has four syllables, with the stress on the third syllable. The “o” in the first syllable is pronounced like the “o” in “dog”, and the “u” in the second syllable is pronounced like the “u” in “put”.

Opportunity is a noun that refers to a favorable or advantageous circumstance or occasion. It can also refer to a chance for advancement or progress. The word is derived from the Latin word opportunitas, which means “fitness” or “suitability”.

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