equal rights equal opportunity
The cost of passing up the next best choice when making a decision. For example, if an asset such as capital is used for one purpose, the opportunity cost is the value of the next best purpose the asset could have been used for. Opportunity cost analysis is an important part of a company's decision-making processes, but is not treated as an actual cost in any financial statement
These nouns refer to a favorable or advantageous circumstance or combination of circumstances. Opportunity is an auspicious state of affairs or a suitable time: "If you prepare yourself . . . you will be able to grasp opportunity for broader experience when it appears" (Eleanor Roosevelt).
Occasion suggests the proper time for action: an auspicious occasion; an occasion for celebration.
An opening is an opportunity affording a good possibility of success:waited patiently for her opening, then exposed the report's inconsistency.
Chance often implies an opportunity that arises through luck or accident: a chance for us to chat; no chance of losing.
A break is an often sudden piece of luck, especially good luck: got his first big break in Hollywood.
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