Which of the following terms is used for what you lose when using resoureces for something else

The correct answer is opportunity

Opportunity cost is a term used in economics to indicate the cost of something in terms of a waived opportunity, that is, the even social cost caused by the resignation of the economic entity, as well as the benefits that could be derived from it. this opportunity foregone or even the highest income.

social contract theory, nearly as old as philosophy itself, is the view that persons' moral and/or political obligations are dependent upon a contract or agreement among them to form the society in which they liv