Essays on Opportunity Cost

Economic is the knowledge of how humans making choices in the face of scarcity. We are living in a world that resources are limited and the need of the people are unlimited, the economists are looking for an easy way to allotted sources by opportunity...

Every day we are faced with the obstacle of making choices that range from what delicious recipe to make to what career path would be the best for my future. Each choice that we make has an opportunity cost and either takes an economic toll...

Business ownership requires many tough decisions — how to spend money, how to market to customers, which types of software you should choose, and more. Each decision that you make has opportunity costs, as well as the potential to affect your business. In this article,...

Opportunity Cost is a great first step in thinking like an economist. Money is finite. So you must be smart with it. Opportunity Cost is the thing that is staring you in the face everytime you make a decision. And its magnified every time you...