Wednesday, May 20, 2009
2:54 PM
Opportunity Cost
In both Economics and Finance literature, Opportunity Cost is a very often used word.
I like the definition of it in Economics, "The value of the next best alternative foregone over the chosen alternative as a result from making a decision."
I'm weighing between 2 options, to spend more time on studying as it is my final year, or to use the free time to do part time.
At least, I've applied what I have learned in school.