Answer:
source- Whenever a choice is made, something is given up. The opportunity cost of a choice is the value of the best alternative given up. Scarcity is the condition of not being able to have all of the goods and services one wants.
Opportunity cost is –(a) any alternative we sacrifice when we make a decision.
in your own words- Whenever a alternative is created, one thing is given up. the chance price of a alternative is that the worth of the simplest different given up. deficiency is that the condition of not having the ability to possess all of the products and services one desires.
Opportunity cost is –(a) any different we have a tendency to sacrifice after we build a choice.
Explanation:
the source is where i got the information and the in your own words is it fully rewritten, sorry its a bit lengthy and wordyhope this helps tho have a great day/night/noon! :)
