Economy, asked by haritejavijapur9607, 10 months ago

5 importances of opportunity cost

Answers

Answered by Anonymous

Answer:

Opportunity cost is a key concept in economics, and has been described as expressing "the basic relationship between scarcity and choice". The notion of opportunity cost plays a crucial part in attempts to ensure that scarce resources are used efficiently.

Previous Question

Next Question

Similar questions

World Languages, 5 months ago

What type of teacher has been saluted...

Biology, 5 months ago

write the differences between the transport of materials in xylem and phloem...

Computer Science, 5 months ago

What is Internet? Write the history of Internet. इंटरनेट क्या है? इंटरनेट का इतिहास लिखिए।...

Biology, 10 months ago

1. Name 10 food items which we get from plants. Where does the food in these items come from?

History, 10 months ago

Write a short note on foreign travellers who India during medvial period...

Math, 1 year ago

Need help ASAP. Factor. 10m5+5m4−25m2...

Physics, 1 year ago

What is nuclear fission state two limitations of nuclear power generation state any advantage of using nuclear energy over other conventional sources?

Chemistry, 1 year ago

What are the major causes of responsible for river pollution explain th questions from jio?