From Simple English Wikipedia, the free encyclopedia

Cost may mean:

  • The amount of money needed to buy something
  • Something other than money that is used up. Example: "Going to jail cost 5 years of my life". This usage is a metaphor.
  • Cost function
  • Cost of living, the amount of money it costs just to live in a certain place. It includes food, housing, etc.
  • Opportunity cost, the value of the next best thing you give up whenever you make a decision.