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Systematic sampling is often used in practice because selecting a systematic sample is easy and inexpensive.
Opportunity Cost
The cost of choosing one option over another, typically represented by the benefits that could have been gained by choosing the alternative.
Depletable Resource
A natural resource that can be diminished or exhausted by use, such as fossil fuels, minerals, or forests.
Extraction Cost
The expenses associated with the removal of raw materials from their natural setting for use or sale.
Non-Monetary Benefits
Advantages or perks associated with a job or situation that are not in the form of money, such as health insurance or flexible working hours.
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