opportunity cost

We make many choices between two goods, often involving how we will spend our time. There is nothing bad about playing video games or texting or watching TV or talking on a cell phone. But each of these involves what is called "opportunity cost," meaning that if we spend time doing one thing, we lose the opportunity to do another. I am sure you can see that we need to measure thoughtfully what we are losing by the time we spend on one activity, even if it is perfectly good in itself.
Dallin H. Oaks

- Dallin H. Oaks - Today Quotes