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Getting The Most Out of Life: The Concept of Opportunity Cost

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Words: 545 |

Page: 1|

3 min read

Published: Aug 30, 2022

Words: 545|Page: 1|3 min read

Published: Aug 30, 2022

During their everyday lives, people are dealing with many options. We have had to take decisions ever since we open our eyes. For example, once we get we either prepare for a new day or continue to sleep. We will always experience decisions after decisions even after this decision is made. Yet we can't get all we want, and in our culture there is scarcity. In other words, scarcity implies the finite resources of society, which indicates that they could not produce all their services and products. We usually have to give up other things that we like to get something we like. Choices allow one target or another to be matched. The price of everything is whatever you give up to have the chance of making your life successful and doing something that interests you. Trade-offs build the value of the opportunity, some of the most significant economy concepts. If we do a deal in the trade-off, we simply don't choose the given opportunities that are given for us and ask for more than what is given. once we do that we also lose what we were given and then regret the choice we made and wanna get the same opportunity but it get too late for us to make that decision.

'Why Violent Video Games Shouldn't Be Banned'?

If we acknowledge that life is full of compromise, then without too much complaint, hostility or dissatisfaction we can set about a particular route. We can understand the fulfillment of the way we have selected, understanding that we do not have anything to get good. Several times in one's life, everyone faces several compromises which sometimes make it very difficult to make a choice as everything seems to be significant. We can do whatever we want by acknowledging restrictions. It must not accept failure or step down itself to discontent. It is only the profound happiness that emerges from understanding and building on what we have. If we could just embrace life according to the terms of happiness there is equality to be found. We everyone must choose a direction at any point in our lives. We can understand the fulfillment of the way we decided, knowing that we don't have all to do for anything good. And by choosing a path and calling it successful, we open more growth opportunities and happiness.

Conclusion

I agree with both articles. That if we accept reality and choose to make something out of life instead of hiding the fact that it is a reality. Then we can be successful and know how life works if we have a system that we follow which is trade-offs where we give up something and in return, we get what makes us happy and satisfies us. Also, I agree that life is all about making decisions and choices that will allow us to be successful and have a better life that will make us more active. Sometimes we make choices that will have consequences which we have to deal with and sometimes we make decisions that are based on a good path and we become proud of ourselves. There are always decisions we have to make so it better that we make better ones so we don’t regret later. It’s always a good choice to think before making any kind of decision.

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This essay was reviewed by
Dr. Oliver Johnson

Cite this Essay

Getting the Most Out of Life: the Concept of Opportunity Cost. (2022, August 30). GradesFixer. Retrieved April 25, 2024, from https://gradesfixer.com/free-essay-examples/getting-the-most-out-of-life-the-concept-of-opportunity-cost/
“Getting the Most Out of Life: the Concept of Opportunity Cost.” GradesFixer, 30 Aug. 2022, gradesfixer.com/free-essay-examples/getting-the-most-out-of-life-the-concept-of-opportunity-cost/
Getting the Most Out of Life: the Concept of Opportunity Cost. [online]. Available at: <https://gradesfixer.com/free-essay-examples/getting-the-most-out-of-life-the-concept-of-opportunity-cost/> [Accessed 25 Apr. 2024].
Getting the Most Out of Life: the Concept of Opportunity Cost [Internet]. GradesFixer. 2022 Aug 30 [cited 2024 Apr 25]. Available from: https://gradesfixer.com/free-essay-examples/getting-the-most-out-of-life-the-concept-of-opportunity-cost/
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