What category does Opportunity Cost belong to?

Opportunity Cost belongs to the "Concepts" category in personal knowledge management and productivity.

What are the key topics related to Opportunity Cost?

Key topics related to Opportunity Cost include: concepts, economics, productivity, thinking.

What are alternative names for Opportunity Cost?

Opportunity Cost is also known as: Alternative cost, Trade-offs.

Opportunity Cost

The loss of potential gain from alternatives when one option is chosen.

Also known as: Alternative cost, Trade-offs

Category: Concepts

Tags: concepts, economics, productivity, thinking

Explanation

Opportunity Cost is an economic concept representing what you give up when choosing one option over another. Every choice has an opportunity cost - time spent on one activity can't be spent on another. In PKM, this means: time spent organizing could be spent creating; time learning a new tool could be spent using your current one better; notes captured but never processed have an opportunity cost of the insights they could have generated. Understanding opportunity cost helps prioritize what truly matters.

Related Concepts

Decision Fatigue
Eisenhower Matrix
Most Important Task
Pareto Principle

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