Papaver somniferum, the opium poppy, is the species of plant from which opium and poppy seeds are derived.Opium is the source of many drugs, including morphine (and its derivative heroin), thebaine, codeine, papaverine, and noscapine.t is also valuable for ornamental purposes, and has been known as the common garden poppy, referencing all the group of poppy plants. Poppy seeds of Papaver somniferum are an important food item and the source of poppyseed oil, a healthy edible oil that has many uses.
Opportunity Loss. Definition. Health Economics. The most highly valued use of resources (cf. the most highly valued alternative use). It is used especially in the context of decision-making under uncertainty, when the value attributed to obtaining additional information depends on the opportunities thereby created. It is the cost of not selecting the most highly valued use.
Opportunity cost is the amount of other products that must be forgone or sacrificed to produce a unit of product. In economics or economic costs for example, relates to opportunity cost in the aspect that the payment must be made to obtain and retain the services of a resource. The New York City square block would have a greater opportunity cost because it would just cost more money than it's worth to change the lots of the already existing lot.