The concept of Opportunity Cost helps us to choose the best possible option among all the available options. It helps us use every possible resource tactfully and efficiently and hence, maximize economic profits. That is why opportunity cost is the best forgone alternative.
Example: 1.I have decided to rest in my free time in stead of wasting time for my fresh mind.
2. I have chosen to take healthy food in stead of fried and spicy food for healthy life.
3. I preferred to walk regularly in stead of rickshaw for my health.