Prijzen Aanmelden Registreren

Categorieën: Alle - income - university - scarcity - opportunity

door PENG WANG 12 jaren geleden

257

yoghurt ice cream store after 'A' Levels Exam – PDG S08/12 Group4

The text delves into the decision-making process related to setting up a yoghurt ice-cream stall versus pursuing further education at a university. It examines the concept of opportunity cost, emphasizing that any choice made involves forgoing the next best alternative.

yoghurt ice cream store after 'A' Levels Exam – PDG S08/12 Group4

Meer zoals dit

Set up a yoghurt ice-cream stall after 'A'-levels examinations - PDG:07/12, Group 3

Set up a yoghurt ice-cream stall after 'A'-levels examinations - PDG:07/12, Group 3

door S.R.Gokul Krishnan

How to keep feeding the world

How to keep feeding the world

door Amritpal Bains - David Suzuki SS (2662)

expenditure

expenditure

door Rebecca Fischer

Jigsaw #1

Jigsaw #1

door Kristen Reis

Yoghurt Ice-cream Store ? – PDG S08/12 Group4

hello，people

Choice

Alternative or selection

Yoghurt Ice-cream stall

University

Opportunity Cost

The cost of any action or decision, measured in terms of the highest valued alternative forgone.

Further studies

Higher education level

Better job prospects

Higher social status

Higher income

Better quality of life

more satisfaction

Higher standard of living

Other job opportunities

Scarcity

The situation that exists when there is an excess of human wants over what can actually be produced to fulfill these wants.

Capital

Setting up yoghurt stall

University fees

Youth