It's relatively easy to measure how much an investment of time or money will "cost" in absolute terms.
But it's pretty unnatural to try and define the opportunities you're not going to pursue and factor them in as a cost.
Understanding opportunity cost has led me to make a few important decisions in my life that would have otherwise gone another way.
It's relatively easy to measure how much an investment of time or money will "cost" in absolute terms.
But it's pretty unnatural to try and define the opportunities you're not going to pursue and factor them in as a cost.
Understanding opportunity cost has led me to make a few important decisions in my life that would have otherwise gone another way.