0

What Is Opportunity Cost?

Posted by mjmedlock on March 16, 2011 in international economics |

The concept of opportunity cost is one of the most important in economics, therefore it is worthwhile revisiting the definition. So, what is opportunity cost? The opportunity cost of something is the value of everything you have to give up to buy it. For an activity it is the value of everything you have to […]

Tags: ,

Copyright © 2010-2020 Bachelor of International Management All rights reserved.
This site is using the Desk Mess Mirrored theme, v2.5, from BuyNowShop.com.