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Understanding Opportunity Cost
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Opportunity Cost Definition Opportunity cost is the value of what you lose when you choose from two or more alternatives. It’s a core concept for both investing and life in general. When you invest, ...
Economics gets its fair share of ribbing, including snark along the lines of "if you're so smart why aren't you rich"? Yet economic concepts can help with financial decisions. Economic reasoning does ...
Opportunity costs may have explicit financial costs, like when you choose to use your dollars for one thing instead of another, or implicit costs. The latter won’t hurt your wallet but will cost you ...
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