Opportunity Cost – Everything In Life Is a Trade-Off

This is the header image for the Fiology lesson on Opportunity Cost - Everything In Life Is a Trade-Off. It depicts the title of the lesson and an image of a person moving chess pieces on a chess board.

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 another. An Example Today, after the longest stock market bull run in history (minus … Read more