Define
Definition
State the precise meaning of a term.
Explanation
A good definition gives the category and the distinguishing feature, in accurate language.
Example
Define the term opportunity cost.
In an exam
Command-word meanings can vary between subjects, exam boards and mark schemes, so check your own board's guidance. See Exam Command Words: What Each Instruction Asks For.
Common confusion
A definition is not an example. Examples support a definition but do not replace it.