Scarcity is the fundamental economic problem of having humans who have unlimited wants and needs in a world of limited resources.
Opportunity cost is the cost of any activity measured in terms of the value of the best alternative that is not chosen (that is foregone). It is the sacrifice related to the second best choice available to someone, or group, who has picked among several mutually exclusive choices.
Opportunity Cost: The value of the next best choice when making a decision
Technical Analysis: the use of past stock data to give insights as to the future movement of stock prices
Fundamental Analysis: the use of data from a company's actual business operations, trends in particular industries, and information from the overall economy to assess the value of a company
Scarcity is the fundamental economic problem of having humans who have unlimited wants and needs in a world of limited resources.
ReplyDeleteOpportunity cost is the cost of any activity measured in terms of the value of the best alternative that is not chosen (that is foregone). It is the sacrifice related to the second best choice available to someone, or group, who has picked among several mutually exclusive choices.
Opportunity Cost: The value of the next best choice when making a decision
Who still thinks Facebook is free?
ReplyDeletenot me
ReplyDeletenot neither.
ReplyDeleteNot me
ReplyDeleteI don't anymore
ReplyDeleteNot me
ReplyDeleteTechnical Analysis: the use of past stock data to give insights as to the future movement of stock prices
ReplyDeleteFundamental Analysis: the use of data from a company's actual business operations, trends in particular industries, and information from the overall economy to assess the value of a company