Cryptocurrency Q&A
What is opportunity cost in simple words?
What is opportunity cost in simple words?
Martino
Mon Jan 06 2025
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6 answers
1310
I want to understand the concept of opportunity cost, but I need it to be explained in simple and easy-to-understand words.
6 answers
Eleonora
Wed Jan 08 2025
Opportunity cost is a fundamental concept in Economics.
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GeishaCharm
Wed Jan 08 2025
It represents the values or benefits that are forfeited.
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emma_grayson_journalist
Wed Jan 08 2025
This occurs when a business, business owner, or organization selects one option.
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JejuSunshineSoulMateWarmth
Tue Jan 07 2025
The concept is especially relevant in the decision-making process.
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benjamin_doe_philosopher
Tue Jan 07 2025
By choosing one alternative, other potential opportunities are lost.
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