Wednesday, October 15, 2008

Opportunity Cost..

Don't think I'm talking about economics and its friends. Whew, I'm 'satisfied' enough reading the textbook today about 2 chapters.. I just want to write a little thing about the concept of opportuniy cost in our daily life.. not in that such called economics world.. yaikss.

Opportunity cost of an item is what you give up to get the item.

In other words, doesn't it mean 'sacrifice'?

Let's say, if we choose to study abroad.
what's our sacrifice?
Let's say, the time we can spend with our family together..
the time we can gather again with some of our old friends..
and so on..

So many things we can think to be examples.
In fact, there are tons of things.
Truely, it's everything.

Every decisions that we make.
Every options that we choose.
There'll be always an opportunity cost.

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