Opportunity cost is more than just money. It’s about what we lose when we make a choice.
Here are some examples:
Time: If you decide to study for a test, you won’t be able to hang out with your friends.
Resources: If you spend your allowance on a video game, you won't have enough money left for that new shirt you’ve wanted.
Future Opportunities: If you choose one job, you might miss a chance for a better job later on.
So, it’s really about figuring out what matters most to us, not just dollars and cents!
Opportunity cost is more than just money. It’s about what we lose when we make a choice.
Here are some examples:
Time: If you decide to study for a test, you won’t be able to hang out with your friends.
Resources: If you spend your allowance on a video game, you won't have enough money left for that new shirt you’ve wanted.
Future Opportunities: If you choose one job, you might miss a chance for a better job later on.
So, it’s really about figuring out what matters most to us, not just dollars and cents!