The present lockdown due to COVID 19 has resulted in temporary suspension of
businesses and services provision. The professionals like Doctors, Engineers, Teachers
and Lawyers etc. are no more in a position to continue the provision of their professional
services to earn their livelihood. Keeping the concept of opportunity cost in mind,
identify or assume at least three such professionals from your closest social circle and
work out the opportunity cost they have been bearing to stay at their home. You can
hypothetically assume if you do not have actual real life examples .
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The present lockdown due to COVID 19 has resulted in temporary suspension of
businesses and services provision. The professionals like Doctors, Engineers, Teachers
and Lawyers etc. are no more in a position to continue the provision of their professional
services to earn their livelihood. Keeping the concept of opportunity cost in mind,
identify or assume at least three such professionals from your closest social circle and
work out the opportunity cost they have been bearing to stay at their home.
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