Central concepts of Economics

Central concepts of Economics

by Parvaj Kazi 201-15-13601 -
Number of replies: 0

Opportunity cost is determined considering heart of economy. it's typically terribly laborious to achieve the target skipping one thing which can be vital additionally so as to induce one thing valuable. it's very scarce once creating concrete call. it's the forgone profit that may are derived from associate degree possibility not chosen. that's why cost is that the best forgone various.

Example:

1.I have set to check habitually in my free time in part of recreation for my sensible result.

2. I even have chosen to require plain rice in part of Chinese food for healthy life.

3. I most popular to go past bus in part of CNG to avoid wasting more money