Canon - Opportunity Costs

definition

Opportunity costs represent a clearly defined conceptual difference or boundary concept in the context of decision and system logics.

Comparison model

Opportunity costs are understood as a conceptual comparison in which two named concepts are distinguished from each other along defined criteria, without establishing an evaluation or preference.

Demarcation

  • Opportunity costs ≠ simplifying equation
  • Conceptual differentiation ≠ normative evaluation