Opportunity Cost
America, The Land of Opportunity... Costs
What is Opportunity Cost?
Opportunity cost is the money or benefits lost when going after/pursuing a particular course of action instead of a mutually friendly/economically friendly course of action. What you sacrifice when choosing one alternative over another.
Why is it important?
It is the ability to choose an item, good, or service, and the opportunity cost is the benefits you could have gained choosing the alternative decision. It is very important because it is how individuals and even large business's make hard decisions daily. It determines what we do, and the decisions we make daily.
Opportunity Does Cost
There's a decision to be made, depending on which one you make...
You may lose something that you need.
For Every Action, There's a Reaction
No matter what you chose, you will lose something from the alternate option
Take Your Pick
Whenever faced with a hard decision, always look at all your opportunities!