Ismail941
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- May 7, 2019
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Hey folks,
I was studying economics basic 101 Lately. So these 2 topics were in my head all day.
What is Opportunity Cost ?
An athlete trains for yearly season game with 6 months practice in order to win the game, once he does it then he will go for vacation.
If he loses the game, no need to go vacation.
What is Trade Off ?
Cliche saying: Why you milk the cow when you can have the whole cow ?
The thing is: I find these 2 topic are somehow inter-related/similar to each other. Are these representation and example in correct or incorrect/mislead/flawed from an economics or business standpoint ?
I was studying economics basic 101 Lately. So these 2 topics were in my head all day.
What is Opportunity Cost ?
An athlete trains for yearly season game with 6 months practice in order to win the game, once he does it then he will go for vacation.
If he loses the game, no need to go vacation.
What is Trade Off ?
Cliche saying: Why you milk the cow when you can have the whole cow ?
The thing is: I find these 2 topic are somehow inter-related/similar to each other. Are these representation and example in correct or incorrect/mislead/flawed from an economics or business standpoint ?
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