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Opportunity cost is the concept of ensuring efficient use of scarce resources, [ 25] a concept that is central to health economics. The massive increase in the need for intensive care has largely limited and exacerbated the department's ability to address routine health problems.
Opportunism is the conscious policy and practice of taking advantage of circumstances. [1]Although in many societies opportunism often has a strong negative moral connotation, it may also be defined more neutrally as putting self-interest before other interests when there is an opportunity to do so, or flexibly adapting to changing circumstances to maximize self-interest (though usually in a ...
In negotiation theory, the best alternative to a negotiated agreement or BATNA (no deal option) refers to the most advantageous alternative course of action a party can take if negotiations fail and an agreement cannot be reached. The BATNA could include diverse situations, such as suspension of negotiations, transition to another negotiating ...
The best way to describe an opportunity cost is the potential benefits or gains an investor, consumer or business misses out on when one alternative is chosen over another as well as considering ...
kisser. The mouth or face. Although the etymology is obvious – that which kisses – it apparently first appeared as boxing slang in 1860 (OED). [ 38] knock for six. Cricket To surprise or shock (someone). In cricket, a "six" results from a ball that is hit in the air and beyond the boundary of the field.
Reducing opportunities and prevention: In order to reduce these types of crimes minimizing opportunities is the most common idea. Several methods are used to reduce opportunity: [1] problem-oriented policing; defensible space architecture; situational crime prevention; All of these methods are used to reduce opportunities for specific targets. [1]
v. t. e. Meritocracy ( merit, from Latin mereō, and -cracy, from Ancient Greek κράτος kratos 'strength, power') is the notion of a political system in which economic goods or political power are vested in individual people based on ability and talent, rather than wealth, social class, [ 1] or race. Advancement in such a system is based ...
Equality of outcome, equality of condition, or equality of results is a political concept which is central to some political ideologies and is used in some political discourse, often in contrast to the term equality of opportunity. [ 2] It describes a state in which all people have approximately the same material wealth and income, or in which ...