Opportunity Costs

Economist analyze all the different aspects of a transaction or trade. By doing one thing you limit yourself from doing something else. For example, if you choose a career then you will limit yourself from taking on another job. A personal opportunity cost that i'd had to choose, is withdrawing myself from the extra curricular activities from school to start my own company. By doing so I obtain more knowledge about the business world and gain the fanancial benefits but in return I spend less time having fun and less time with friends.