Write a story which includes the sentence: "There were two different opportunities and he knew he had to choose the right one" (30 marks) 350-500 words
Answers
Answer:
Answer:Once upon a time, Harry named student used to live in the village of Rajasthan ( lalpur ) . He was studying in English high school and was in the 12th standard. His final board exams were going on ana he studied very very hard and at last he got his results. He got 94% and A+ grade. His both the parents were very happy. But he stuck on a very bad situation. His mother wanted that her Child who take commerce and his father wanted to take science. Next day he met a friend named Ashok. He told that there were two very different opportunities and I knew that I had to choose the right one. This situation had came in my life. I am sure that you will choose the right option
Explanation:
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Due to the scarce resources and unlimited wants, the economy needs to make a choice to employ its resources in the production of desirable goods and services. If the economy decides to use the resources in the production of one good (say, consumer goods), then it needs to forego or sacrifice some amount of other goods (say, capital goods) as the resources will be withdrawn from the production of the capital goods and will be employed in the production of consumer goods. The cost of enjoying more of one good in term of sacrificing the benefit of another good is called opportunity cost of the additional unit of the good. It is also called the economic cost.