LESSON 42 : OPPORTUNITY COSTS

Fiology Lesson 42: Opportunity Costs

Fiology thanks Brad Barrett of Travel Miles 101 and ¬†ChooseFI for shaping this lesson. Opportunity cost is defined as the loss of potential gain from other alternatives when one alternative is chosen. In its essence it means that if you spend your time and/or resources on one event, you can no longer spend it on … Read more