prietadr000
prietadr000 prietadr000
  • 11-02-2022
  • Business
contestada

What is opportunity cost? and why does it matter when it comes to personal finances?

Respuesta :

samagu9488
samagu9488 samagu9488
  • 11-02-2022

Answer:

represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another.

Explanation:

Opportunity costs represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another. Because opportunity costs are, by definition, unseen, they can be easily overlooked.

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