Wednesday, April 21, 2010

Oportunity Costs

Opportunity costs are all around us. All of our moves are affected by our chances of gaining or losing from the experience? Say for example you need to go shopping in order to buy cloths for an interview. Your opportunity Costs may increase because proper clothing may increase your chances of getting the job. But how about if you still don't qualify for the job and aren't hired? Your oportunity costs turn to the gas you wasted on your trip to the mall and the money wasted on cloths you didn't need for daily use. Opportunity costs are constant gains and risks we take in life, from big things like the stalk market to smaller options like where to hang out.

No comments:

Post a Comment